China Fixed Asset Investment (YoY) For August 3.2% Vs. 3.3% Est.; 3.4% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Fixed Asset Investment (YoY) for August was reported at 3.2%, lower than the estimated 3.3% and the prior 3.4%.
September 15, 2023 | 3:57 am
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NEGATIVE IMPACT
The lower than expected Fixed Asset Investment in China may impact the performance of the iShares China Large-Cap ETF (FXI).
Fixed Asset Investment is a key indicator of economic health. A lower than expected figure suggests a slowdown in the economy, which could negatively impact the performance of ETFs like FXI that are heavily invested in Chinese large-cap companies.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80