Reported Earlier, China Consumer Price Index (MoM) For May -0.1% Vs. 0.0% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Consumer Price Index (CPI) for May decreased by 0.1% month-over-month, missing the estimated 0.0% and down from the previous 0.1%.
June 12, 2024 | 5:00 am
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The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to the unexpected decline in China's CPI for May, which fell by 0.1% MoM, missing the estimated 0.0% and down from the previous 0.1%.
The decline in China's CPI indicates weaker consumer demand, which could negatively impact the performance of Chinese large-cap stocks included in FXI.
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