Reported Earlier, China Industrial Production (YoY) For November 6.6% Vs. 5.6% Est.; 4.6% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Industrial Production for November increased by 6.6%, surpassing the estimated 5.6% and the previous 4.6%.
December 15, 2023 | 5:52 am
News sentiment analysis
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience positive movement due to China's stronger than expected industrial production growth.
As FXI tracks the Chinese large-cap sector, the higher than expected industrial production growth is a positive economic indicator that could lead to increased investor confidence in Chinese companies. This may result in a short-term positive impact on FXI's price as the market reacts to the strong economic data.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80