China Trade Balance (USD) For August 68.36B Vs. 73.90B Est.; 80.60B Prior
Portfolio Pulse from Benzinga Newsdesk
China's trade balance for August was reported at $68.36B, lower than the estimated $73.90B and the prior figure of $80.60B.
September 07, 2023 | 3:57 am
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NEGATIVE IMPACT
China's lower than expected trade balance may impact the iShares China Large-Cap ETF (FXI), which tracks the performance of the largest companies in the Chinese stock market.
The trade balance is a key economic indicator that can influence investor sentiment towards a country's economy. A lower than expected trade balance implies weaker export performance, which could negatively impact the performance of large-cap Chinese companies and, by extension, the FXI ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80