Reported Earlier, China Gross Domestic Product (YoY) For Q4 5.2% Vs. 5.3% Est.; 4.9% Prior
Portfolio Pulse from Benzinga Newsdesk
China's GDP growth for Q4 came in at 5.2%, slightly below the estimated 5.3% but higher than the previous 4.9%. This may indicate a slower than expected economic expansion.
January 17, 2024 | 5:23 am
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The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to China's Q4 GDP growth missing estimates, signaling a potential slowdown in economic activity.
As FXI tracks large-cap Chinese stocks, the lower than expected GDP growth could lead to concerns about corporate earnings and economic health, possibly affecting investor sentiment and the ETF's performance.
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