U.S. Senator Schumer Says We Also Raised The Need To Remove Restrictions And Open Up Chinese Markets
Portfolio Pulse from Benzinga Newsdesk
U.S. Senator Schumer has expressed the need to remove restrictions and open up Chinese markets. This could potentially impact the performance of ETFs like FXI and SPY.
October 09, 2023 | 12:14 pm
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POSITIVE IMPACT
The call to open up Chinese markets could potentially boost the performance of FXI, an ETF that tracks Chinese large-cap stocks.
FXI tracks Chinese large-cap stocks. If restrictions are lifted and Chinese markets are opened up, it could lead to increased investment and improved performance of these stocks, thereby positively impacting FXI.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The opening up of Chinese markets could also indirectly impact SPY, an ETF that tracks the S&P 500, due to the global interconnectedness of financial markets.
SPY tracks the S&P 500, which includes companies with significant exposure to the Chinese market. If Chinese markets are opened up, it could lead to improved performance of these companies, thereby positively impacting SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60