Reported Earlier, China Industrial Production (YoY) For February 7.0% Vs. 5.3% Est.; 6.8% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production for February increased by 7.0% year-over-year, surpassing both the estimated 5.3% and the previous month's 6.8%.
March 18, 2024 | 4:30 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see positive movement as China's industrial production beats estimates, indicating a stronger economy.
The iShares China Large-Cap ETF (FXI), which tracks large Chinese companies, is likely to benefit from the positive news on China's industrial production. This is because stronger industrial production is a sign of a healthy economy, which can lead to better performance of the companies within the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80