China Fixed Asset Investment (YoY) June 3.8% Vs. 3.5% Est.; 4.0% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Fixed Asset Investment (YoY) for June was reported at 3.8%, slightly higher than the estimated 3.5% but lower than the previous 4.0%.
July 17, 2023 | 4:21 am
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POSITIVE IMPACT
The reported 3.8% Fixed Asset Investment in China for June, which is higher than estimated, may have a positive impact on the iShares China Large-Cap ETF (FXI).
Fixed Asset Investment is a key indicator of economic health. The higher than expected figure indicates a stronger economy, which is likely to positively impact Chinese stocks and ETFs like FXI that track them.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80