U.S. Commerce Secretary Gina Raimondo Says She Is Planning To Visit China Later This Year Despite Hacking
Portfolio Pulse from Happy Mohamed
U.S. Commerce Secretary Gina Raimondo has announced plans to visit China later this year, despite ongoing concerns about hacking, according to a CNBC interview.
July 21, 2023 | 3:15 pm
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NEUTRAL IMPACT
The planned visit of U.S. Commerce Secretary to China may influence the iShares China Large-Cap ETF (FXI).
The visit could potentially lead to discussions on trade and cybersecurity issues, which could impact the Chinese market and, by extension, the FXI ETF. However, the exact impact is uncertain at this stage.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The planned visit of U.S. Commerce Secretary to China may have implications for the SPDR S&P 500 ETF (SPY).
The visit could potentially lead to discussions on trade and cybersecurity issues, which could impact the U.S. market and, by extension, the SPY ETF. However, the exact impact is uncertain at this stage.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50