Reported Earlier, China Industrial Production (YoY) For May 5.6% Vs. 6.2% Est.; 6.7% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production for May grew by 5.6% year-over-year, falling short of the estimated 6.2% and the previous month's 6.7%.
June 17, 2024 | 5:14 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to China's industrial production growth for May falling short of expectations at 5.6% versus the estimated 6.2% and the previous 6.7%.
FXI, which tracks large-cap Chinese companies, is likely to be impacted by the lower-than-expected industrial production growth. This could signal potential economic slowdown, affecting investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80