Chinese Embassy Spokesperson Says U.S Will "Bear All The Consequences" If It Does Not Take Action To Undo Biden's Comments
Portfolio Pulse from Happy Mohamed
A Chinese Embassy spokesperson warned that the U.S. will 'bear all the consequences' if it does not take action to undo President Biden's comments, according to a CNN reporter on Twitter.
June 22, 2023 | 2:32 pm
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NEGATIVE IMPACT
The Chinese Embassy's warning may increase tensions between the U.S. and China, potentially impacting the iShares China Large-Cap ETF (FXI).
The warning from the Chinese Embassy could escalate tensions between the U.S. and China, which may negatively affect Chinese stocks and ETFs like FXI. Investors may become more cautious due to the potential for increased geopolitical risks.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The warning from the Chinese Embassy may increase geopolitical risks, potentially affecting the S&P 500 ETF (SPY).
The warning from the Chinese Embassy could lead to increased geopolitical risks, which may have a negative impact on the U.S. stock market and ETFs like SPY. Investors may become more cautious due to the potential for increased tensions between the U.S. and China.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60