China ETFs Climb On Hopes Of Better US Relations As State Department Confirms Blinken's Beijing Visit
Portfolio Pulse from Natan Ponieman
US Secretary of State Antony Blinken is set to visit China, raising hopes for better US-China relations. China ETFs, including MCHI, FXI, KWEB, ASHR, and GXC, climbed on the news. Blinken's visit aims to maintain open lines of communication between the two countries.
June 14, 2023 | 7:22 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Taiwan Semiconductor Manufacturing Company (TSM) may be indirectly affected by Blinken's visit to China, as it could influence US-China relations and the ongoing tensions over Taiwan.
While TSM is not directly mentioned in the context of Blinken's visit, the ongoing tensions between the US and China over Taiwan could indirectly impact the company. As a major player in the semiconductor industry, TSM could be affected by any changes in US-China relations or the situation in Taiwan.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) increased 0.9% on news of Blinken's visit to China, signaling improved US-China relations.
The news of Blinken's visit to China raises hopes for better US-China relations, which could positively impact Chinese stocks and ETFs. ASHR, which tracks China A-Shares, rose 0.9% on the news, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
iShares China Large-Cap ETF (FXI) increased 1.3% on news of Blinken's visit to China, signaling improved US-China relations.
The news of Blinken's visit to China raises hopes for better US-China relations, which could positively impact Chinese stocks and ETFs. FXI, which tracks large-cap Chinese stocks, rose 1.3% on the news, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SPDR S&P China ETF (GXC) rose 1.6% on news of Blinken's visit to China, signaling improved US-China relations.
The news of Blinken's visit to China raises hopes for better US-China relations, which could positively impact Chinese stocks and ETFs. GXC, which tracks Chinese stocks, rose 1.6% on the news, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
KraneShares CSI China Internet ETF (KWEB) rose 2.3% on news of Blinken's visit to China, signaling improved US-China relations.
The news of Blinken's visit to China raises hopes for better US-China relations, which could positively impact Chinese stocks and ETFs. KWEB, which tracks Chinese internet stocks, rose 2.3% on the news, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
iShares MSCI China ETF (MCHI) rose 1.5% on news of Blinken's visit to China, signaling improved US-China relations.
The news of Blinken's visit to China raises hopes for better US-China relations, which could positively impact Chinese stocks and ETFs. MCHI, which tracks Chinese stocks, rose 1.5% on the news, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100