Reported Earlier, China Exports (YoY) For November 0.5% Vs. -1.1% Est.; -6.4% Prior
Portfolio Pulse from Benzinga Newsdesk
China's year-over-year exports for November showed an unexpected increase of 0.5%, surpassing the estimated decline of -1.1% and improving significantly from the -6.4% figure reported previously.
December 07, 2023 | 5:44 am
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The iShares China Large-Cap ETF (FXI) may experience positive short-term movement due to better-than-expected Chinese export data, indicating potential economic stability.
As FXI tracks large-cap Chinese stocks, the positive export data suggests a healthier economic environment, which could lead to increased investor confidence in Chinese markets and potentially drive up FXI's price in the short term.
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