Yellen Says U.S. Seeks 'Healthy Economic Relationship' With China, Will Communicate Concerns Directly; U.S. Committed To Communicate Clearly About Targeted National Security Actions; U.S. Welcomes More Clarity On China's Thinking And Actions
Portfolio Pulse from Benzinga Newsdesk
US Treasury Secretary Janet Yellen has stated that the US is seeking a 'healthy economic relationship' with China and will communicate its concerns directly. The US is also committed to clear communication about targeted national security actions. Furthermore, the US welcomes more clarity on China's thinking and actions.
November 09, 2023 | 6:25 pm
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NEUTRAL IMPACT
The iShares China Large-Cap ETF (FXI) could be impacted by the US's commitment to a 'healthy economic relationship' with China, as this could affect the performance of large Chinese companies.
The US's commitment to a 'healthy economic relationship' with China could have implications for the performance of large Chinese companies, which could in turn impact the iShares China Large-Cap ETF (FXI). However, the exact impact will depend on the specifics of this relationship and how it evolves.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could also be impacted by the US's commitment to a 'healthy economic relationship' with China, as this could affect the overall US economy and thus the performance of the S&P 500.
The US's commitment to a 'healthy economic relationship' with China could have implications for the overall US economy, which could in turn impact the performance of the S&P 500 and thus the SPDR S&P 500 ETF (SPY). However, the exact impact will depend on the specifics of this relationship and how it evolves.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60