Reported Earlier, China Fixed Asset Investment (YoY) For May 4.0% Vs. 4.2% Est.; 4.2% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Fixed Asset Investment (YoY) for May came in at 4.0%, below the estimated 4.2% and the prior 4.2%.
June 17, 2024 | 5:13 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to China's Fixed Asset Investment (YoY) for May coming in below expectations at 4.0% versus the estimated 4.2%.
The lower-than-expected Fixed Asset Investment figure suggests potential economic slowdown, which could negatively impact investor sentiment towards Chinese equities, including those in the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80