Chinese Unemployment Rate June 5.2% Same As Forecast; Unchanged From Prior 5.2%
Portfolio Pulse from Benzinga Newsdesk
The unemployment rate in China for June remained unchanged at 5.2%, which was in line with forecasts. This could potentially impact the iShares China Large-Cap ETF (FXI).
July 17, 2023 | 4:31 am
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The unchanged unemployment rate in China could potentially impact the iShares China Large-Cap ETF (FXI).
The unemployment rate is a key economic indicator that can influence the performance of country-specific ETFs. In this case, the iShares China Large-Cap ETF (FXI) could be impacted by the steady unemployment rate in China. However, as the rate remained as forecasted, the impact might be neutral in the short term.
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