Vladimir Putin Set For China Visit Despite ICC Arrest Warrant
Portfolio Pulse from Piero Cingari
Russian President Vladimir Putin is expected to attend the Belt and Road Forum in China in October, his first overseas trip since the International Criminal Court issued an arrest warrant against him. This comes amid strengthening ties between Russia and China, especially within international forums. The iShares China Large-Cap ETF (FXI) rose 1.5% on Tuesday, surging over 7% compared to a week ago, as China pledged to cut interest rates on mortgages and deposits.
August 29, 2023 | 2:37 pm
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The iShares China Large-Cap ETF (FXI) rose 1.5% on Tuesday, surging over 7% compared to a week ago, as China pledged to cut interest rates on mortgages and deposits.
The news of China's pledge to cut interest rates on mortgages and deposits is likely to have a positive impact on the iShares China Large-Cap ETF (FXI) in the short term. Lower interest rates generally stimulate economic activity, which could boost the performance of large-cap Chinese companies and, consequently, the FXI ETF.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100