China's Premier Li Said Sino-U.S. Relations, Economic And Trade Cooperation Are Facing Some Difficulties, Requiring Both Sides To Show Sincerity, Moving Towards Each Other And Making Joint Efforts
Portfolio Pulse from Charles Gross
China's Premier Li has stated that Sino-U.S. relations and economic and trade cooperation are facing difficulties, requiring both sides to show sincerity and make joint efforts.
August 21, 2023 | 11:40 am
News sentiment analysis
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be impacted by the difficulties in Sino-U.S. relations and trade cooperation.
As FXI tracks the performance of large-cap Chinese equities, any difficulties in Sino-U.S. relations and trade cooperation could negatively impact the performance of these equities and thus the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could also be affected by the difficulties in Sino-U.S. relations and trade cooperation.
As SPY tracks the performance of the S&P 500, any difficulties in Sino-U.S. relations and trade cooperation could negatively impact the U.S. market and thus the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70