U.S. Treasury's Yellen Tells Chinese Vice Premier He Lifeng She Hopes For 'Open And Substantive Discussion' In San Francisco Meetings; Full Separation Of U.S., Chinese Economies Would Be 'Economically Disastrous' For Both Countries
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen has expressed her hope for 'open and substantive discussion' in upcoming meetings with Chinese Vice Premier He Lifeng in San Francisco. She warned that a full separation of U.S. and Chinese economies would be 'economically disastrous' for both countries.
November 09, 2023 | 6:24 pm
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NEUTRAL IMPACT
The upcoming discussions between U.S. and Chinese officials could impact the iShares China Large-Cap ETF (FXI), as it tracks the performance of the largest companies in China's equity market.
The discussions between U.S. and Chinese officials could lead to changes in economic policies that may affect the performance of large Chinese companies. As FXI tracks these companies, any significant changes could impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could also be affected by the upcoming discussions, as it tracks the performance of the U.S. equity market, which could be influenced by changes in U.S.-China economic relations.
The discussions could lead to changes in U.S.-China economic relations, which could influence the U.S. equity market. As SPY tracks this market, any significant changes could impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70