U.S. Treasury Secretary Yellen Says Dont Think We Should Decouple From China But We Have Over Dependence On China In Areas Of National Well Being
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Yellen has expressed concerns over the U.S.'s over-dependence on China in areas of national well-being, while also stating that she doesn't believe the U.S. should decouple from China.
October 03, 2023 | 7:37 pm
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NEUTRAL IMPACT
The comments by U.S. Treasury Secretary Yellen may impact the iShares China Large-Cap ETF (FXI), as it reflects the performance of the Chinese economy.
Yellen's comments indicate a complex relationship between the U.S. and China. While she warns of over-dependence, she also opposes decoupling. This could lead to uncertainty in the market, potentially affecting the performance of FXI, which is tied to the Chinese economy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The comments by U.S. Treasury Secretary Yellen may also impact the SPDR S&P 500 ETF (SPY), as it reflects the performance of the U.S. economy.
Yellen's comments suggest a potential shift in U.S.-China economic relations, which could lead to market uncertainty. This could potentially affect the performance of SPY, which is tied to the U.S. economy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70