Reported Earlier, China Industrial Production Year to Date (YTD) (YoY) For February 7.0% Vs. 4.6% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Industrial Production YTD (YoY) for February increased to 7.0% from the previous 4.6%, indicating a stronger industrial output.
March 18, 2024 | 4:33 am
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POSITIVE IMPACT
The increase in China's Industrial Production YTD to 7.0% from 4.6% could positively impact FXI, reflecting stronger economic activity.
FXI, which tracks the investment results of an index composed of large-cap Chinese equities, is likely to benefit from the reported increase in industrial production. This is because a stronger industrial sector often leads to higher corporate earnings and economic growth, which can boost investor sentiment towards Chinese equities.
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