China Industrial Production (YoY) For August 4.5% Vs. 4% Est.; 3.7% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production for August has increased by 4.5%, surpassing the estimated 4% and the prior 3.7%.
September 15, 2023 | 3:57 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be positively impacted by the higher than expected industrial production in China.
The iShares China Large-Cap ETF (FXI) tracks the performance of the largest companies in the Chinese stock market. An increase in industrial production indicates a strong economy, which is likely to boost the performance of these large companies and, consequently, the FXI ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80