Reported Earlier, China Industrial Production Year to Date (YoY) For September 4% Vs. 3.9% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production for the year to date (YoY) in September has increased to 4% from the previous 3.9%.
October 18, 2023 | 5:25 am
News sentiment analysis
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POSITIVE IMPACT
The increase in China's industrial production may positively impact the iShares China Large-Cap ETF (FXI) as it reflects a strengthening Chinese economy.
The iShares China Large-Cap ETF (FXI) tracks the performance of the largest companies in the Chinese stock market. An increase in industrial production indicates a strengthening economy, which could lead to improved performance of these companies and, consequently, the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80