Yellen Says We Are Overly Dependent On China In Clean Energy; Says Our Objective On China Export, Investment Restriction Is To Focus Them On National Security As Narrowly As Possible
Portfolio Pulse from Benzinga Newsdesk
US Treasury Secretary Janet Yellen expressed concerns over the US's over-dependence on China for clean energy. She stated that the focus of export and investment restrictions on China should be as narrow as possible, primarily targeting national security.
October 26, 2023 | 5:55 pm
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NEUTRAL IMPACT
Yellen's comments may impact the SPDR S&P 500 ETF (SPY) due to potential changes in the clean energy sector.
Yellen's comments suggest a potential shift in the clean energy sector, which could impact companies within the S&P 500 and thus the SPDR S&P 500 ETF (SPY). However, the exact impact is uncertain.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Yellen's comments may impact the iShares China Large-Cap ETF (FXI) as it could face potential restrictions on investment.
Yellen's comments indicate a potential tightening of investment restrictions on China, which could negatively impact the performance of the iShares China Large-Cap ETF (FXI).
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80