White House's Kirby Says There Is Opportunity, Need To Improve Communication With China; Bilateral Relationship With China Is Difficult, Both Sides Need To Manage It Responsibly
Portfolio Pulse from Happy Mohamed
White House's Kirby has stated that there is a need and opportunity to improve communication with China. He also mentioned that the bilateral relationship with China is difficult and both sides need to manage it responsibly.
August 11, 2023 | 6:25 pm
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NEUTRAL IMPACT
The statement from the White House could impact the iShares China Large-Cap ETF (FXI), as it indicates a potential shift in US-China relations.
The statement from the White House indicates a potential shift in US-China relations, which could impact the performance of the iShares China Large-Cap ETF (FXI). However, the exact impact will depend on the specifics of the changes in the relationship.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The statement from the White House could also impact the SPDR S&P 500 ETF (SPY), as changes in US-China relations can affect the overall market.
The statement from the White House indicates a potential shift in US-China relations, which could impact the overall market and thus the performance of the SPDR S&P 500 ETF (SPY). However, the exact impact will depend on the specifics of the changes in the relationship.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60