Reported Late Thursday, China Consumer Price Index (MoM) For September 0.2% Vs. 0.3% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Consumer Price Index (CPI) for September was reported late Thursday to be 0.2%, lower than the estimated 0.3% and the prior 0.3%.
October 13, 2023 | 5:21 am
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The lower than expected CPI in China may impact the iShares China Large-Cap ETF (FXI), as it reflects the economic conditions in China.
The CPI is a key economic indicator that reflects inflation trends. A lower than expected CPI suggests slower economic growth, which could negatively impact the performance of the FXI ETF, as it tracks large-cap Chinese companies.
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