Taiwan Defense Ministry Said 34 Chinese Military Aircraft Detected Around Taiwan On Tuesday; Four Chinese Warships Carried Out Combat Readiness Patrols Near Taiwan On Tuesday
Portfolio Pulse from Charles Gross
Taiwan's Defense Ministry reported the detection of 34 Chinese military aircraft and four warships carrying out combat readiness patrols near Taiwan on Tuesday. This news was reported by Reuters.
July 11, 2023 | 10:37 am
News sentiment analysis
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NEGATIVE IMPACT
Increased military activity near Taiwan could lead to increased volatility for the iShares MSCI Taiwan ETF (EWT).
The increased military activity near Taiwan could lead to geopolitical tensions, which could negatively impact the Taiwanese market and, by extension, the EWT ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Increased military activity by China could lead to increased volatility for the iShares China Large-Cap ETF (FXI).
The increased military activity by China could lead to geopolitical tensions, which could negatively impact the Chinese market and, by extension, the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Increased military activity in the Taiwan Strait could lead to increased volatility for the SPDR S&P 500 ETF (SPY).
The increased military activity in the Taiwan Strait could lead to geopolitical tensions, which could negatively impact the global market and, by extension, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60