Reported Earlier, China Composite Purchasing Managers' Index For October 50.7 Vs. 52 Prior
Portfolio Pulse from Benzinga Newsdesk
China's Composite Purchasing Managers' Index (PMI) for October has been reported at 50.7, a decrease from the previous figure of 52.
October 31, 2023 | 4:58 am
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The reported decrease in China's Composite PMI may impact the iShares China Large-Cap ETF (FXI), which tracks the performance of the largest companies in the Chinese stock market.
The Composite PMI is a key economic indicator reflecting the health of the Chinese economy. A decrease in the PMI indicates a slowdown in economic activity, which could negatively impact the performance of the largest companies in the Chinese stock market, and consequently, the FXI ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80