U.S. Commerce Department Imposes Trade Restrictions On Additional Chinese, Russian Companies Over Scheme To Supply Russia With Components To Make Drones
Portfolio Pulse from Benzinga Newsdesk
The U.S. Commerce Department has imposed trade restrictions on additional Chinese and Russian companies over a scheme to supply Russia with components to make drones, according to Reuters.
September 25, 2023 | 1:15 pm
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NEGATIVE IMPACT
The trade restrictions imposed by the U.S. on additional Chinese companies could negatively impact the iShares China Large-Cap ETF (FXI).
The trade restrictions could potentially harm the Chinese companies included in the FXI ETF, leading to a decrease in the ETF's value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The trade restrictions could potentially cause market uncertainty, which may negatively impact the SPDR S&P 500 ETF (SPY).
The trade restrictions could lead to market uncertainty, which often results in a decrease in the value of broad market ETFs like SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The trade restrictions on Russian companies could negatively impact the Vanguard FTSE Europe ETF (VGK), which includes Russian companies.
The trade restrictions could potentially harm the Russian companies included in the VGK ETF, leading to a decrease in the ETF's value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60