U.S. Inspectors Began New Round Of Routine Checks On Wall Street-Listed Chinese Companies' Audits In Hong Kong In Recent Weeks
Portfolio Pulse from Charles Gross
U.S. inspectors have started a new round of routine checks on audits of Wall Street-listed Chinese companies in Hong Kong, according to Reuters. This could potentially impact the performance of ETFs like EWH, FXI, and SPY.
July 07, 2023 | 9:04 am
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NEGATIVE IMPACT
The audit checks could potentially impact the performance of the EWH ETF, which tracks Hong Kong's stock market.
The EWH ETF tracks the performance of the Hong Kong stock market. Any regulatory changes or scrutiny on Chinese companies listed on Wall Street could potentially impact the performance of this ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The audit checks could potentially impact the performance of the FXI ETF, which tracks China's stock market.
The FXI ETF tracks the performance of the Chinese stock market. Any regulatory changes or scrutiny on Chinese companies listed on Wall Street could potentially impact the performance of this ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The audit checks could potentially impact the performance of the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the performance of the S&P 500 index. Any regulatory changes or scrutiny on Chinese companies listed on Wall Street could potentially impact the performance of this ETF, as many of these companies are part of the S&P 500.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50