China's President Xi Told Russia's Putin Two Sides Should Collaborate Strategically, Defend The Sovereignty, Security And Development Interests Of Their Countries, Resolutely Oppose Interference In Internal Affairs By External Forces
Portfolio Pulse from Charles Gross
China's President Xi Jinping has urged Russia's President Vladimir Putin to strategically collaborate in defending their countries' sovereignty, security, and development interests. Xi emphasized the importance of opposing external interference in their internal affairs, as reported by Reuters citing state media.
February 08, 2024 | 10:44 am
News sentiment analysis
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NEGATIVE IMPACT
Strategic collaboration between China and Russia could introduce volatility in global markets, potentially impacting SPY.
SPY, which tracks the S&P 500, could see increased volatility due to uncertainties in global geopolitics stemming from China-Russia collaboration, affecting investor confidence in global markets.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The China-Russia strategic collaboration could have implications for European markets, potentially affecting VGK.
VGK, which tracks European stocks, could be indirectly affected by the geopolitical shifts and uncertainties caused by China-Russia strategic collaboration, potentially leading to market volatility in Europe.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60
NEUTRAL IMPACT
The call for strategic collaboration between China and Russia could influence investor sentiment towards Chinese markets, potentially affecting FXI.
While the direct impact on FXI, which tracks Chinese large-cap stocks, may not be immediate, geopolitical developments can influence market perceptions and investor sentiment towards Chinese assets.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70