Reported Earlier, China Exports (YoY) For May 7.6% Vs. 6.0% Est.; 1.5% Prior
Portfolio Pulse from Benzinga Newsdesk
China's exports for May increased by 7.6% year-over-year, surpassing the estimated 6.0% and significantly higher than the previous month's 1.5%.
June 07, 2024 | 4:52 am
News sentiment analysis
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) is likely to see a positive impact due to the stronger-than-expected growth in China's exports for May.
The significant increase in China's exports suggests stronger economic activity, which is likely to benefit large-cap Chinese companies included in the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80