India GDP A Strong 7.8%, China's Xi Likely To Skip Visit To G-20
Portfolio Pulse from The Arora Report
India's GDP grew by 7.8% in the April - June period, outpacing China's growth of 6.3%. The G-20 summit is in India next week, and there are reports that China's President Xi is likely to skip the summit. Corporations are rapidly shifting supply chain out of China, with India and other countries like Vietnam, Indonesia, Thailand, and Malaysia benefiting. The ETFs of choice are iShares China Large-Cap ETF (NYSE:FXI), Xtrackers Hvst CSI 300 China A-Shs ETF (NYSE:ASHR), VanEck Vietnam ETF (BATS:VNM), iShares MSCI Indonesia ETF (NYSE:EIDO), Ishares Msci Thailand Etf (NYSE:THD), iShares MSCI Malaysia ETF (NYSE:EWM), and WisdomTree India Earnings ETF (NYSE:EPI).
August 31, 2023 | 4:44 pm
News sentiment analysis
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POSITIVE IMPACT
The iShares MSCI Indonesia ETF (NYSE:EIDO) may benefit from corporations shifting their supply chains out of China.
As corporations shift their supply chains out of China, countries like Indonesia may benefit. This could positively impact the performance of the EIDO ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The WisdomTree India Earnings ETF (NYSE:EPI) may benefit from strong GDP growth in India and corporations shifting their supply chains out of China.
The strong GDP growth in India and the shift of corporations' supply chains out of China could positively impact the performance of the EPI ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The iShares MSCI Malaysia ETF (NYSE:EWM) may benefit from corporations shifting their supply chains out of China.
As corporations shift their supply chains out of China, countries like Malaysia may benefit. This could positively impact the performance of the EWM ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The Ishares Msci Thailand Etf (NYSE:THD) may benefit from corporations shifting their supply chains out of China.
As corporations shift their supply chains out of China, countries like Thailand may benefit. This could positively impact the performance of the THD ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The VanEck Vietnam ETF (BATS:VNM) may benefit from corporations shifting their supply chains out of China.
As corporations shift their supply chains out of China, countries like Vietnam may benefit. This could positively impact the performance of the VNM ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
The Xtrackers Hvst CSI 300 China A-Shs ETF (NYSE:ASHR) may be affected by the slower growth in China and the potential absence of China's President at the G-20 summit.
The slower growth in China and the potential absence of China's President at the G-20 summit could negatively impact investor sentiment towards Chinese stocks, which could affect the performance of the ASHR ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
The iShares China Large-Cap ETF (NYSE:FXI) may be impacted by slower growth in China and the potential absence of China's President at the G-20 summit.
The slower growth in China and the potential absence of China's President at the G-20 summit could negatively impact investor sentiment towards Chinese stocks, which could affect the performance of the FXI ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75