U.S. Commerce Secretary Raimondo Says Was Able To Be A Bit Tougher In Private Conversations In China About U.S. Businesses Needing Predictable, Transparent Situation On The Ground
Portfolio Pulse from Happy Mohamed
U.S. Commerce Secretary Raimondo has reportedly been tougher in private conversations with China regarding the need for U.S. businesses to have a predictable and transparent situation on the ground.
August 31, 2023 | 2:50 pm
News sentiment analysis
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NEUTRAL IMPACT
The news may impact the iShares China Large-Cap ETF (FXI) as it reflects the performance of large-cap Chinese equities that could be affected by changes in U.S.-China business relations.
The ETF FXI tracks large-cap Chinese equities. If U.S. businesses face a more predictable and transparent situation in China, it could potentially impact the performance of these equities and thus the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The news may have a neutral impact on SPDR S&P 500 ETF Trust (SPY) as it broadly reflects the U.S. stock market, which may not be significantly affected by this specific U.S.-China business issue.
The ETF SPY tracks a broad range of U.S. equities. While U.S.-China business relations can have an impact on the market, this specific issue may not have a significant effect on the overall U.S. market and thus the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50