China Says Military Exercise With Russia To Last For Four Days; Drill With Russia In Japan Sea Good For Regional Peace
Portfolio Pulse from Happy Mohamed
China and Russia are conducting a four-day military exercise in the Japan Sea. China states that this joint exercise is beneficial for regional peace.

July 20, 2023 | 2:04 pm
News sentiment analysis
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NEUTRAL IMPACT
The military exercise demonstrates China's military strength, which could influence investor sentiment towards the iShares China Large-Cap ETF (FXI).
The military exercise could be seen as a demonstration of China's military strength. This could influence investor sentiment towards the FXI ETF, which tracks large-cap Chinese companies.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
The military exercise in the Japan Sea may cause uncertainty in the region, potentially affecting the performance of the iShares MSCI Japan ETF (EWJ).
The military exercise could increase geopolitical tensions in the region, which may lead to market volatility and impact the performance of the EWJ ETF, which tracks the Japanese market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The military exercise could increase global geopolitical tensions, potentially affecting the performance of the SPDR S&P 500 ETF (SPY).
The military exercise could increase global geopolitical tensions, which may lead to market volatility and impact the performance of the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The military exercise could increase geopolitical tensions, potentially affecting the performance of the Vanguard FTSE Europe ETF (VGK).
The military exercise could increase geopolitical tensions, which may lead to market volatility and impact the performance of the VGK ETF, which tracks the European market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50