United States Secretary Of Commerce Raimondo Says There's No Room To Negotiate With China On Matters Of National Security
Portfolio Pulse from Happy Mohamed
US Secretary of Commerce Raimondo stated that there is no room for negotiation with China on matters of national security, according to CNBC.
August 31, 2023 | 2:51 pm
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NEGATIVE IMPACT
The statement by the US Secretary of Commerce may impact the iShares China Large-Cap ETF (FXI) due to potential regulatory changes and security concerns.
The statement indicates a potential escalation in US-China tensions, which could lead to regulatory changes or increased security concerns. This could negatively impact Chinese companies, and by extension, the FXI ETF which tracks them.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The statement by the US Secretary of Commerce may impact the SPDR S&P 500 ETF (SPY) due to potential changes in US-China relations.
The statement indicates a potential escalation in US-China tensions, which could lead to market volatility. This could negatively impact the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60