Asian Shares Rise, Dollar Slides After Weak US Inflation Data
Portfolio Pulse from Benzinga Newsdesk
Asian shares rose and the US dollar slid after weak US inflation data. Nikkei 225, Hang Seng, Shanghai, and Shanghai Shenzhen CSI 300 indices all saw increases, while the US dollar slid 0.10% during the Asian session.
July 13, 2023 | 4:57 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see a positive impact due to the rise in Asian shares.
The iShares China Large-Cap ETF (FXI) tracks the FTSE China 50 Index, which consists of the 50 largest and most liquid Chinese companies listed on the Hong Kong Stock Exchange. As the Asian markets rise, it is likely that the ETF will also see a positive impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75