Reported Earlier, China Gross Domestic Product (YoY) For Q3 4.9% Vs. 4.4% Est.; 6.3% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Gross Domestic Product (GDP) for Q3 has been reported at 4.9%, higher than the estimated 4.4% but lower than the previous quarter's 6.3%.
October 18, 2023 | 5:27 am
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POSITIVE IMPACT
The reported GDP growth in China, which is higher than estimated, could potentially 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. A higher than expected GDP growth in China indicates a stronger economy, which could lead to better performance of these large-cap companies, potentially boosting the value of FXI.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80