China Trade Balance (USD) For March 58.55B Vs. 70.20B Est.; 125.16B Prior
Portfolio Pulse from Benzinga Newsdesk
China's trade balance for March was reported at $58.55 billion, falling short of the estimated $70.20 billion and significantly lower than the previous $125.16 billion.
April 12, 2024 | 8:07 am
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The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to the lower-than-expected trade balance report for China.
The iShares China Large-Cap ETF (FXI) tracks the investment results of an index composed of large-capitalization Chinese equities that trade on the Hong Kong Stock Exchange. A lower trade balance indicates a potential slowdown in economic activity, which could impact the performance of Chinese large-cap companies and, by extension, FXI. However, the ETF's diversification across various sectors may mitigate the impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75