Reported Earlier, China Consumer Price Index (YoY) For December -0.3% Vs. -0.4% Est.; -0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Consumer Price Index (CPI) for December decreased by 0.3% year-over-year, which is slightly better than the estimated 0.4% decline and an improvement from the previous 0.5% drop.
January 12, 2024 | 5:47 am
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The iShares China Large-Cap ETF (FXI) may experience a positive short-term impact as China's CPI data suggests a less severe economic contraction than expected.
The CPI data indicates a less severe economic contraction than analysts anticipated, which could lead to increased investor confidence in Chinese markets. As FXI tracks large-cap Chinese stocks, it may benefit from a perception of economic stabilization or improvement.
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