Reported Earlier, China Gross Domestic Product Year to Date (YoY) For Q3 5.2% Vs. 5.5% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Gross Domestic Product (GDP) for Q3 has been reported at 5.2% year on year (YoY), which is lower than the previous quarter's 5.5%.
October 18, 2023 | 5:26 am
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The reported lower GDP growth rate in China for Q3 may impact the iShares China Large-Cap ETF (FXI), which tracks the performance of the largest companies in the Chinese stock market.
The GDP growth rate is a key indicator of a country's economic health. A lower than expected GDP growth rate in China could lead to a decrease in investor confidence in Chinese stocks, which could negatively impact the price of the FXI ETF, which tracks the largest companies in the Chinese stock market.
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