Reported Earlier, China Gross Domestic Product (QoQ) For Q3 1.3% Vs. 1% Est.; 0.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
China's Gross Domestic Product (GDP) for Q3 has been reported at 1.3%, beating the estimated 1% and showing an increase from the revised prior of 0.5%.
October 18, 2023 | 5:27 am
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POSITIVE IMPACT
China's better-than-expected Q3 GDP growth could positively impact the iShares China Large-Cap ETF (FXI), which tracks the performance of the Chinese market.
The iShares China Large-Cap ETF (FXI) tracks the performance of the Chinese market. Therefore, a better-than-expected GDP growth in China, which indicates a healthier economy, could lead to a positive sentiment among investors and potentially boost the ETF's performance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80