U.S. Treasury Secretary Yellen Plans July China Trip, While U.S. Preps Investment Curbs
Portfolio Pulse from Happy Mohamed
U.S. Treasury Secretary Janet Yellen plans to visit China in July, while the U.S. is preparing investment curbs on Chinese companies. This news may affect the stock prices of ETFs like FXI and SPY.
June 26, 2023 | 8:05 pm
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NEGATIVE IMPACT
The planned visit of Treasury Secretary Yellen to China and potential investment curbs on Chinese companies may impact the stock price of ETF FXI.
As the U.S. prepares investment curbs on Chinese companies, it may lead to a negative sentiment towards Chinese stocks, which could impact the stock price of ETF FXI, which tracks Chinese companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The planned visit of Treasury Secretary Yellen to China and potential investment curbs on Chinese companies may have a minor impact on the stock price of ETF SPY.
The potential investment curbs on Chinese companies may create uncertainty in the market, which could have a minor impact on the stock price of ETF SPY, which tracks the S&P 500 index.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 40