China President Xi Jinping Skips BRICS Business Forum That He Was Scheduled To Attend
Portfolio Pulse from Benzinga Newsdesk
China's President Xi Jinping did not attend the BRICS Business Forum, an event he was scheduled to participate in, according to Reuters.
August 22, 2023 | 3:30 pm
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The unexpected absence of President Xi Jinping at the BRICS Business Forum could potentially impact investor sentiment towards Chinese stocks, including the iShares China Large-Cap ETF (FXI).
President Xi Jinping's unexpected absence at a major international business forum could be interpreted as a negative signal about China's economic and political stability. This could potentially lead to a decrease in investor confidence in Chinese stocks, including the iShares China Large-Cap ETF (FXI).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75