Biden To Issue Executive Order To Screen Outbound Investment To China Early Next Week
Portfolio Pulse from Benzinga Newsdesk
President Biden is expected to issue an executive order to screen outbound investment to China next week, according to Reuters. This could potentially impact the flow of US investments into China.
August 04, 2023 | 4:13 pm
News sentiment analysis
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NEGATIVE IMPACT
The executive order from Biden could potentially impact the iShares China Large-Cap ETF (FXI) as it may affect the flow of US investments into China.
The executive order could potentially limit the amount of US investments flowing into China, which could negatively impact the performance of the iShares China Large-Cap ETF (FXI).
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The executive order from Biden could potentially impact the SPDR S&P 500 ETF (SPY) as it may affect the overall market sentiment.
The executive order could potentially create uncertainty in the market, which could negatively impact the performance of the SPDR S&P 500 ETF (SPY).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60