Taiwan Defense Ministry Says 30 Chinese Military Aircraft Detected Around Taiwan On Wednesday
Portfolio Pulse from Benzinga Newsdesk
Taiwan's Defense Ministry reported the detection of 30 Chinese military aircraft around Taiwan on Wednesday. This could potentially escalate tensions between China and Taiwan, possibly affecting the performance of related ETFs such as EWT and FXI.
July 12, 2023 | 3:11 pm
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NEGATIVE IMPACT
Increased tensions between China and Taiwan could negatively impact the performance of the iShares MSCI Taiwan ETF (EWT).
EWT tracks the investment results of an index composed of Taiwanese equities. Increased geopolitical tensions could lead to market instability, potentially negatively impacting the performance of EWT.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The escalating tensions between China and Taiwan could also affect the iShares China Large-Cap ETF (FXI).
FXI tracks the investment results of an index composed of large-capitalization Chinese equities. Increased geopolitical tensions could lead to market instability, potentially negatively impacting the performance of FXI.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70