Reported Earlier, China Imports (YoY) For October 3% Vs. -4.8% Est.; -6.2% Prior
Portfolio Pulse from Benzinga Newsdesk
China's imports for October have increased by 3% year-on-year, significantly outperforming the estimated -4.8% and the previous -6.2%.
November 07, 2023 | 6:04 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be positively impacted by the news of China's better-than-expected import data for October.
The iShares China Large-Cap ETF (FXI) tracks the performance of an index composed of large-cap Chinese equities. The better-than-expected import data indicates a potential improvement in China's economic conditions, which could positively impact the performance of large-cap Chinese companies and, consequently, the FXI ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80