Reported Earlier, China Industrial Production (YoY) For September 4.5% Vs. 4.3% Est.; 4.5% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production for September has been reported at 4.5%, which is in line with the prior figure and slightly above the estimated 4.3%.
October 18, 2023 | 5:25 am
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POSITIVE IMPACT
The reported industrial production figure, which is above estimates, may have a positive impact on the iShares China Large-Cap ETF (FXI).
The iShares China Large-Cap ETF (FXI) tracks the performance of an index composed of large-cap Chinese equities. As such, better-than-expected industrial production figures, which indicate a healthy economy, could lead to a positive sentiment among investors, potentially driving up the price of FXI in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80