U.S. Treasury Secretary Yellen Says It Would Be Disastrous For Us To Decouple From China; U.S.-China Relationship Is The Most Important To The World; The U.S. Needs To De-Risk But Not Decouple From China; Need To Address Climate And Debt Relief Together
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Yellen has stated that it would be disastrous for the U.S. to decouple from China, emphasizing the importance of the U.S.-China relationship to the global economy. She also mentioned the need to address climate and debt relief together.
September 18, 2023 | 7:24 pm
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POSITIVE IMPACT
Yellen's comments about the importance of the U.S.-China relationship could impact the iShares China Large-Cap ETF (FXI), which tracks the performance of large-cap Chinese equities.
Yellen's comments underscore the importance of the U.S.-China relationship, which could have implications for Chinese equities. As FXI tracks these equities, it could be impacted by changes in this relationship.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Yellen's comments could also impact the SPDR S&P 500 ETF (SPY), given the importance of the U.S.-China relationship to the global economy.
The U.S.-China relationship is crucial to the global economy. Any changes in this relationship, as suggested by Yellen's comments, could impact SPY, which tracks the performance of the U.S. equity market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70