China's Vice Foreign Minister Urges U.S. To Stop 'Smearing And Pressuring' China, Calls For End To 'Unilateral' Sanctions On Chinese Enterprises During Meeting With U.S. Deputy Secretary Of State
Portfolio Pulse from Benzinga Newsdesk
China's Vice Foreign Minister has urged the U.S. to stop 'smearing and pressuring' China and called for an end to 'unilateral' sanctions on Chinese enterprises during a meeting with the U.S. Deputy Secretary of State.
May 31, 2024 | 3:16 pm
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience volatility due to heightened tensions between the U.S. and China, as Chinese officials call for an end to U.S. sanctions.
The call for an end to U.S. sanctions on Chinese enterprises by China's Vice Foreign Minister could lead to increased uncertainty and volatility for FXI, which tracks large-cap Chinese companies.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) might face minor short-term pressure due to potential geopolitical tensions arising from China's call for the U.S. to end sanctions on Chinese enterprises.
Geopolitical tensions between the U.S. and China could create minor short-term pressure on SPY, reflecting broader market concerns.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60