China New Loans For February 1,450.0B Vs. 1,540.0B Est.; 4,920.0B Prior
Portfolio Pulse from Benzinga Newsdesk
China's new loans for February amounted to 1,450.0 billion, falling short of the estimated 1,540.0 billion and significantly lower than the previous 4,920.0 billion.
March 15, 2024 | 9:14 am
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The lower-than-expected new loans in China for February could indicate a slowdown in economic activity, potentially impacting the iShares China Large-Cap ETF (FXI).
The iShares China Large-Cap ETF (FXI) is directly influenced by the economic activities in China. A decrease in new loans suggests reduced economic activity or tighter credit conditions, which could negatively impact the companies within the FXI portfolio. This could lead to a decrease in investor confidence in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80