President Biden Says No Meeting With Xi Set Up But It Is A Possibility
Portfolio Pulse from Benzinga Newsdesk
President Biden has stated that there is no meeting set up with Chinese President Xi Jinping, but it remains a possibility. This statement could potentially impact the relations between the two countries and their respective economies.
October 06, 2023 | 4:32 pm
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NEUTRAL IMPACT
The possibility of a meeting between President Biden and President Xi could impact the iShares China Large-Cap ETF (FXI), which tracks the performance of the largest companies in the Chinese equity market.
The potential meeting between the two leaders could lead to changes in the US-China relations, which could impact the performance of the largest companies in the Chinese equity market, and thus the FXI ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The possibility of a meeting between President Biden and President Xi could impact the SPDR S&P 500 ETF (SPY), which tracks the performance of the US equity market.
The potential meeting between the two leaders could lead to changes in the US-China relations, which could impact the performance of the US equity market, and thus the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70