State Department Says U.S. Sanctions 3 China-Based Companies That Worked To Supply Missile-Related Items To Pakistan
Portfolio Pulse from Benzinga Newsdesk
The U.S. State Department has imposed sanctions on three China-based companies for allegedly supplying missile-related items to Pakistan. The sanctions could potentially strain U.S.-China relations and impact global markets.
October 20, 2023 | 3:30 pm
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NEGATIVE IMPACT
The sanctions on China-based companies could potentially impact the iShares China Large-Cap ETF (FXI), which tracks the performance of large-cap Chinese equities.
The sanctions could strain U.S.-China relations, potentially leading to economic repercussions that could negatively impact the performance of large-cap Chinese equities tracked by FXI.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The sanctions could also potentially impact the SPDR S&P 500 ETF (SPY), given the potential for increased geopolitical tensions to affect global markets.
Increased geopolitical tensions resulting from the sanctions could lead to market volatility, potentially affecting the performance of the S&P 500 and, by extension, SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60