Reported Earlier, China Exports (YoY) For July 7.0% Vs. 9.7% Est.; 8.6% Prior
Portfolio Pulse from Benzinga Newsdesk
China's exports for July grew by 7.0% year-over-year, falling short of the estimated 9.7% and the prior month's 8.6%.
August 07, 2024 | 4:48 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to China's July export growth missing estimates.
FXI, which tracks large-cap Chinese companies, is likely to be impacted by the lower-than-expected export growth, signaling potential economic challenges.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80