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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100