White House Says Biden Did Not Have To Be Talked Out Of Call With China's Xi; U.S. Wants To Make Sure There Are Open Lines Of Communication With China As Blinken Visits Beijing
Portfolio Pulse from Benzinga Newsdesk
The White House stated that President Biden did not have to be talked out of a call with China's Xi Jinping, emphasizing the importance of open lines of communication with China as Secretary of State Blinken visits Beijing.
June 16, 2023 | 5:27 pm
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POSITIVE IMPACT
Open communication between the US and China may lead to improved relations, potentially benefiting the iShares China Large-Cap ETF (FXI).
As the US emphasizes open communication with China, it may lead to improved relations between the two countries. This could have a positive impact on Chinese stocks, including those in the iShares China Large-Cap ETF (FXI).
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Improved US-China communication may have a positive impact on the overall market sentiment, potentially benefiting the SPDR S&P 500 ETF Trust (SPY).
Open communication between the US and China may lead to improved relations, which could positively impact the overall market sentiment. This may benefit the SPDR S&P 500 ETF Trust (SPY) as it tracks the performance of the S&P 500 Index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50