Reported Earlier, China Trade Balance (USD) For February 125.16B Vs. 110.30B Est.; 75.34B Prior
Portfolio Pulse from Benzinga Newsdesk
China's trade balance in USD for February was reported at $125.16 billion, significantly higher than the estimated $110.30 billion and the previous month's $75.34 billion.
March 07, 2024 | 5:34 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see positive short-term movement due to China's stronger than expected trade balance report for February.
A higher than expected trade balance indicates a strong economic performance by China, which could lead to increased investor confidence in Chinese large-cap companies, potentially benefiting FXI.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80