China's Xi Says Which Is Not 'De-Risking', But Creating Risks; China Will Not Sit Idly By If U.S. Insists On Suppressing China's High Tech Development And Depriving China Of Its Legitimate Development Rights; Strategic Awareness Must Always Be The First 'Button' To Be Fastened In U.S.-China Relations; Xi Also Elaborated Stance On Hong Kong, Human Rights, South China Sea Related Issues
Portfolio Pulse from Benzinga Newsdesk
Chinese President Xi Jinping stated that China is not 'de-risking' but facing risks created by the U.S., particularly in high tech development suppression. He emphasized the importance of strategic awareness in U.S.-China relations and also discussed issues related to Hong Kong, human rights, and the South China Sea.
April 02, 2024 | 3:47 pm
News sentiment analysis
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NEGATIVE IMPACT
EWT, focusing on Taiwanese equities, may experience volatility due to heightened U.S.-China tensions and its proximity to the issues discussed.
Given Taiwan's strategic importance and its proximity to China, any increase in U.S.-China tensions, especially regarding high tech and regional security issues, could lead to volatility in Taiwanese equities represented by EWT.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
FXI, which tracks large-cap Chinese stocks, may face downward pressure due to U.S. actions against China's high tech sector and the potential for increased tensions.
As FXI tracks large-cap Chinese stocks, U.S. efforts to suppress China's high tech development and the broader implications for U.S.-China relations could negatively impact these stocks' performance.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
SPY, representing the S&P 500, may experience indirect effects from U.S.-China tensions, particularly in sectors involved in high tech and international trade.
While SPY represents a broad range of U.S. equities, sectors involved in high tech and international trade may be indirectly affected by escalating U.S.-China tensions, though the overall impact may be more muted.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50