China Foreign Ministry: Has Lodged Stern Representations With The U.S. Over Latest Chip Restrictions; Said Such Restrictions And Forced De-coupling For Political Purposes Violate The Principles Of The Market Economy And Fair Competition
Portfolio Pulse from Charles Gross
China's Foreign Ministry has lodged stern representations with the U.S. over the latest chip restrictions, stating that such restrictions and forced de-coupling for political purposes violate the principles of the market economy and fair competition.
October 18, 2023 | 9:16 am
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NEGATIVE IMPACT
The latest chip restrictions by the U.S. could negatively impact Chinese companies, potentially affecting the performance of the iShares China Large-Cap ETF (FXI).
The U.S. chip restrictions could potentially harm Chinese tech companies, which are a significant part of the FXI ETF. This could lead to a decrease in the ETF's value in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ongoing trade tensions and chip restrictions could introduce volatility into the market, potentially affecting the performance of the SPDR S&P 500 ETF (SPY).
The ongoing trade tensions between the U.S. and China could introduce uncertainty and volatility into the market, which could negatively impact the performance of the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60