Reported Earlier, China Gross Domestic Product (QoQ) For Q4 1.0% Vs. 1.0% Est.; 1.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
China's Q4 GDP growth matched estimates at 1.0%, maintaining the same level as the forecast and showing no increase from the revised 1.5% growth in the previous quarter.
January 17, 2024 | 5:23 am
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China's Q4 GDP report may influence FXI, an ETF tracking Chinese large-cap stocks, reflecting the steady economic performance of China.
The GDP report is a key economic indicator that can affect investor sentiment towards Chinese markets. Since the reported GDP growth was in line with estimates, it suggests stability in the Chinese economy, which could maintain current investor sentiment towards FXI without causing significant short-term price movement.
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