Chinese Hackers Compromised Email Account Of Ambassador To China Nicholas Burns; Hackers Are Believed To Have Accessed Hundreds Of Thousands Of Government Emails; Hackers Also Compromised Daniel Kritenbrink, Top State Department Official For East Asia
Portfolio Pulse from Happy Mohamed
Chinese hackers have compromised the email accounts of Ambassador to China Nicholas Burns and Daniel Kritenbrink, a top State Department official for East Asia. They are believed to have accessed hundreds of thousands of government emails.
July 20, 2023 | 7:51 pm
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NEGATIVE IMPACT
The hacking incident may increase tensions between the US and China, potentially affecting the iShares China Large-Cap ETF (FXI).
The hacking incident could escalate tensions between the US and China, which may lead to economic or political actions that could negatively impact Chinese stocks, and by extension, the FXI ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The hacking incident may increase geopolitical risks, potentially affecting the SPDR S&P 500 ETF (SPY).
The hacking incident could increase geopolitical risks, which may lead to market volatility that could negatively impact the SPY ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50