Reported Earlier, China Consumer Price Index (MoM) For January 0.3% Vs. 0.4% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Consumer Price Index (CPI) for January increased by 0.3%, which is lower than the estimated 0.4% but higher than the previous month's 0.1%.
February 08, 2024 | 6:04 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to the lower-than-expected CPI data from China, indicating slower economic growth.
The iShares China Large-Cap ETF (FXI) is directly impacted by economic indicators from China, such as the CPI. Lower-than-expected CPI data suggests slower economic growth, which could lead to decreased investor confidence in Chinese large-cap stocks, potentially causing short-term price declines for FXI.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80