Reported Earlier, China Gross Domestic Product Year To Date (YoY) For Q4 5.2% Vs. 5.2% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Gross Domestic Product (GDP) Year To Date (YoY) for Q4 remained steady at 5.2%, unchanged from the previous quarter.
January 17, 2024 | 5:24 am
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NEUTRAL IMPACT
The iShares China Large-Cap ETF (FXI), which tracks the investment results of an index composed of large-capitalization Chinese equities, may see limited short-term impact as China's Q4 GDP YoY remained consistent at 5.2%.
Since China's GDP figures came in as expected, without showing either growth or decline, the short-term impact on FXI is likely to be neutral. Investors typically price in expected outcomes, and as such, no change in the data means little to no immediate reaction in the ETF's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70