White House's Kirby Says Biden Came Out Of Meeting With China's Xi Feeling Very Good About Discussions
Portfolio Pulse from Benzinga Newsdesk
White House spokesperson John Kirby stated that President Biden felt very positive about his discussions with China's President Xi Jinping. The details of the discussions were not disclosed in the article.
November 16, 2023 | 3:28 pm
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POSITIVE IMPACT
The positive sentiment from the meeting between President Biden and President Xi could lead to a favorable outlook on Chinese markets, potentially benefiting FXI.
Positive diplomatic relations often lead to increased investor confidence in related markets. The meeting's optimistic tone could suggest stability and cooperation, which may benefit the iShares China Large-Cap ETF (FXI) as it tracks large Chinese companies.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The positive outcome of the meeting between the US and China's leaders may have a calming effect on the markets, potentially impacting SPY positively.
As SPY reflects the performance of the S&P 500, improved US-China relations could reduce geopolitical risk and encourage investment in the broader US market, potentially benefiting SPY.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 40