China Industrial Production Year to Date (YoY) For August 3.9% Vs. 3.9% Est.; 3.8% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production year to date (YoY) for August was reported at 3.9%, matching the estimates and showing a slight increase from the prior 3.8%.
September 15, 2023 | 3:58 am
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NEUTRAL IMPACT
The iShares China Large-Cap ETF (FXI) could be impacted by China's industrial production data, as it reflects the performance of the Chinese economy.
The iShares China Large-Cap ETF (FXI) tracks the performance of an index composed of large-cap Chinese equities. As such, it is sensitive to macroeconomic data from China, such as industrial production figures. The reported figures match the estimates, indicating a stable economic environment, which could have a neutral impact on FXI in the short term.
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IMPORTANCE 60
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