White House's Sullivan Says Raimondo, In China, Will Carry Message That U.S. Is Not Seeking To Decouple From China, But Will Protect National Security
Portfolio Pulse from Benzinga Newsdesk
White House's National Security Advisor, Jake Sullivan, stated that Commerce Secretary Gina Raimondo, currently in China, will convey the message that the U.S. is not seeking to decouple from China, but will protect its national security.
August 22, 2023 | 3:33 pm
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POSITIVE IMPACT
The news may impact the iShares China Large-Cap ETF (FXI) as it reflects the U.S.'s intention to maintain economic ties with China.
The U.S.'s intention to maintain economic ties with China could potentially boost Chinese stocks, which would positively impact the FXI ETF, which tracks large Chinese companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The news may impact the SPDR S&P 500 ETF (SPY) as it reflects the U.S.'s intention to maintain economic ties with China.
The U.S.'s intention to maintain economic ties with China could potentially boost the U.S. stock market, which would positively impact the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60