Taiwan Defence Ministry: 62 Chinese Military Aircraft, 27 Ships Involved In Drills Around Taiwan On Friday
Portfolio Pulse from Benzinga Newsdesk
The Taiwan Defence Ministry reported that 62 Chinese military aircraft and 27 ships were involved in drills around Taiwan on Friday.
May 24, 2024 | 1:45 pm
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Taiwan ETF (EWT) may experience short-term volatility due to increased military activity around Taiwan.
Increased military activity around Taiwan can lead to heightened geopolitical tensions, which may negatively impact investor sentiment towards Taiwanese assets, including the iShares MSCI Taiwan ETF (EWT).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) might face short-term pressure due to the geopolitical tensions arising from Chinese military drills around Taiwan.
Geopolitical tensions between China and Taiwan can create uncertainty and risk aversion among investors, potentially leading to short-term pressure on the iShares China Large-Cap ETF (FXI).
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60