Reported Earlier, China Fixed Asset Investment (YoY) For September 3.1% Vs. 3.2% Est.; 3.2% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Fixed Asset Investment (YoY) for September was reported at 3.1%, slightly below the estimated 3.2% and the prior 3.2%.
October 18, 2023 | 5:28 am
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NEGATIVE IMPACT
China's lower than expected Fixed Asset Investment may impact the iShares China Large-Cap ETF (FXI), which tracks large Chinese companies.
Fixed Asset Investment is a key indicator of economic health. A lower than expected figure suggests a potential slowdown in the Chinese economy, which could negatively impact the performance of large Chinese companies tracked by the FXI ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80