Treasury's Yellen Says Full Separation Of U.S., Chinese Economies Would Have 'Disastrous Effects' Globally; A U.S. Approach To China That Would Force Indo-Pacific Countries To Take Sides Would Have Significant Negative Global Repercussions
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen warns that a full separation of the U.S. and Chinese economies would have disastrous global effects. She also cautions against a U.S. approach to China that would force Indo-Pacific countries to choose sides, as it could have significant negative global repercussions.
November 02, 2023 | 5:39 pm
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be impacted by Yellen's comments, as a full separation of the U.S. and Chinese economies or forcing Indo-Pacific countries to choose sides could affect Chinese large-cap companies.
FXI tracks the investment results of an index composed of large-capitalization Chinese equities. Any major changes in U.S.-China economic relations or geopolitical shifts in the Indo-Pacific region could significantly affect the performance of these companies, and thus the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could also be affected by Yellen's comments, as a full separation of the U.S. and Chinese economies or forcing Indo-Pacific countries to choose sides could have broad implications for the U.S. market.
SPY tracks the S&P 500, which includes companies with significant exposure to the Chinese market. Any major changes in U.S.-China economic relations or geopolitical shifts in the Indo-Pacific region could significantly affect the U.S. market and thus the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70