'TikTok And U.S. Rekindle Negotiations, Boosting App's Hopes For Survival' - Washington Post
Portfolio Pulse from Benzinga Newsdesk
TikTok and the U.S. government have resumed negotiations, potentially paving the way for the app's survival in the U.S. market. This development could have implications for U.S.-listed ETFs like FXI and SPY.
September 15, 2023 | 4:02 pm
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POSITIVE IMPACT
The resumed negotiations between TikTok and the U.S. government could potentially impact the FXI ETF, which tracks Chinese large-cap stocks.
As TikTok is a major Chinese tech company, any positive developments in its U.S. operations could potentially boost investor sentiment towards Chinese stocks, thus impacting the FXI ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The resumed negotiations between TikTok and the U.S. government could potentially impact the SPY ETF, which tracks the S&P 500 index.
As TikTok is a major player in the tech industry, any positive developments in its U.S. operations could potentially boost the tech sector, thus impacting the SPY ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60