White Houses Sullivan Says U.S. Limits On Tech For China Will Be Specific, Targeted
Portfolio Pulse from Happy Mohamed
The White House's National Security Advisor, Jake Sullivan, has stated that the U.S. will impose specific and targeted limits on technology exports to China. The details of these restrictions are yet to be disclosed.
July 21, 2023 | 7:15 pm
News sentiment analysis
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be impacted by the U.S. imposing specific and targeted limits on technology exports to China.
The iShares China Large-Cap ETF (FXI) tracks the investment results of an index composed of large-capitalization Chinese equities. The U.S. imposing specific and targeted limits on technology exports to China could negatively impact the performance of these Chinese tech companies, and consequently, the performance of FXI.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) could be indirectly impacted by the U.S. imposing specific and targeted limits on technology exports to China.
The SPDR S&P 500 ETF Trust (SPY) tracks the performance of the S&P 500 Index. While it is not directly exposed to Chinese equities, the U.S. imposing specific and targeted limits on technology exports to China could create market uncertainty and impact global market sentiment, which could indirectly affect the performance of SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60