'U.S. Tells China To Be More Transparent With Economic Data Amid Slowdown' - Financial Times
Portfolio Pulse from Benzinga Newsdesk
The U.S. has urged China to be more transparent with its economic data amid concerns of a slowdown in the Chinese economy. This comes as investors globally are closely watching China's economic health, which could have significant implications for global markets.
August 22, 2023 | 8:08 pm
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be impacted by the economic slowdown in China, as it tracks the performance of the largest companies in the Chinese stock market.
FXI tracks the performance of the largest companies in the Chinese stock market. If the Chinese economy slows down, these companies are likely to be negatively impacted, which could lead to a decrease in the value of FXI.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could also be affected by the economic slowdown in China, as it could lead to a decrease in global market confidence and potentially impact U.S. stocks.
SPY tracks the performance of the S&P 500, which includes companies that could be impacted by a decrease in global market confidence due to an economic slowdown in China. This could potentially lead to a decrease in the value of SPY.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60