China New Loans 2,310.0B Vs. 2,500.0B Est.; 1,360.0B Prior
Portfolio Pulse from Benzinga Newsdesk
China's new loans for the period were reported at 2,310.0B, lower than the estimated 2,500.0B and higher than the prior figure of 1,360.0B.
October 13, 2023 | 8:10 am
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NEGATIVE IMPACT
The lower than expected new loans in China could potentially impact the iShares China Large-Cap ETF (FXI), as it reflects the performance of the Chinese economy.
The iShares China Large-Cap ETF (FXI) tracks the performance of the Chinese economy. Lower than expected new loans could indicate a slowdown in economic activity, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80