Asian Stocks Rise On Easing Fed Fears, Upcoming Data On The Chinese Economy
Portfolio Pulse from Benzinga Newsdesk
Asian stocks have risen due to easing fears about the Federal Reserve and anticipation of upcoming data on the Chinese economy. The Nikkei 225, Hang Seng, Shanghai, and Shanghai Shenzhen CSI 300 indices all saw increases, while the US Dollar slid 0.17% during the Asian session.
July 14, 2023 | 4:29 am
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POSITIVE IMPACT
The rise in Asian stocks, particularly in Japan as indicated by the Nikkei 225, may positively impact the BBJP ETF, which tracks Japanese equities.
BBJP tracks Japanese equities and the rise in the Nikkei 225 index suggests a positive environment for Japanese stocks, which could lead to a rise in the BBJP ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The rise in the Nikkei 225 and the slide in the US Dollar may positively impact the DXJ ETF, which tracks Japanese equities and hedges against fluctuations in the yen-dollar exchange rate.
DXJ tracks Japanese equities and hedges against yen-dollar exchange rate fluctuations. The rise in the Nikkei 225 and the slide in the US Dollar suggest a positive environment for this ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The rise in the Nikkei 225 may positively impact the EWJ ETF, which tracks Japanese equities.
EWJ tracks Japanese equities and the rise in the Nikkei 225 index suggests a positive environment for Japanese stocks, which could lead to a rise in the EWJ ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The rise in the Hang Seng, Shanghai, and Shanghai Shenzhen CSI 300 indices may positively impact the FXI ETF, which tracks Chinese equities.
FXI tracks Chinese equities and the rise in the Hang Seng, Shanghai, and Shanghai Shenzhen CSI 300 indices suggest a positive environment for Chinese stocks, which could lead to a rise in the FXI ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75