Reported Late Thursday, China Trade Balance (USD) For September 77.71B Vs. 70B Est.; 68.36B Prior
Portfolio Pulse from Benzinga Newsdesk
China's trade balance for September was reported at $77.71 billion, significantly higher than the estimated $70 billion and the prior figure of $68.36 billion.
October 13, 2023 | 5:23 am
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POSITIVE IMPACT
The reported higher trade balance for China in September may positively impact the iShares China Large-Cap ETF (FXI), which tracks the performance of the largest companies in the Chinese stock market.
The higher trade balance indicates a stronger Chinese economy, which could lead to increased investor confidence in Chinese stocks. As FXI tracks the performance of the largest companies in the Chinese stock market, it is likely to benefit from this positive economic news.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80