Reported Earlier, China Composite Purchasing Managers' Index For July 50.2 Vs. 50.5 Prior
Portfolio Pulse from Benzinga Newsdesk
China's Composite Purchasing Managers' Index (PMI) for July was reported at 50.2, down from 50.5 in the previous month. This indicates a slight slowdown in economic activity.
July 31, 2024 | 4:45 am
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The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to the slight decline in China's Composite PMI for July, which indicates a slowdown in economic activity.
The decline in China's Composite PMI suggests a slowdown in economic activity, which could negatively impact investor sentiment towards Chinese equities, including those in the FXI ETF.
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