China New Loans For November 1,090.0B Vs. 1,300.0B Est.; 738.4B Prior
Portfolio Pulse from Benzinga Newsdesk
China's new loans for November amounted to 1,090.0 billion, falling short of the estimated 1,300.0 billion and higher than the previous 738.4 billion.
December 13, 2023 | 10:02 am
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The iShares China Large-Cap ETF (FXI) may be impacted by China's lower-than-expected new loan figures, indicating a potential slowdown in economic activity.
The lower-than-expected loan figures suggest a potential cooling of China's economic activity, which could lead to reduced investor confidence in Chinese markets. As FXI tracks large-cap Chinese stocks, its performance is closely tied to the health of China's economy. The news could result in a negative short-term impact on FXI's price as investors recalibrate their expectations.
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