U.S. Treasury Secretary Yellen Says U.S. Is Looking Carefully At Outbound Investment Controls On China, But They Would Be Focused On A Few Sectors
Portfolio Pulse from Happy Mohamed
U.S. Treasury Secretary Yellen has announced that the U.S. is considering outbound investment controls on China, specifically targeting a few sectors. The details of the sectors are not specified.
July 17, 2023 | 12:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The announcement of potential outbound investment controls on China may impact the SPY ETF, which has exposure to companies doing business in China.
The SPY ETF tracks the S&P 500, which includes companies that do business in China. If the U.S. imposes investment controls on China, it could affect these companies and, by extension, the SPY ETF. The impact is negative as it introduces uncertainty and potential restrictions for U.S. companies operating in China.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70