Reported Earlier, China Trade Balance (USD) For July 84.65B Vs. 97.50B Est.; 99.05B Prior
Portfolio Pulse from Benzinga Newsdesk
China's trade balance for July was reported at $84.65 billion, falling short of the estimated $97.50 billion and the previous $99.05 billion.
August 07, 2024 | 4:49 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to China's trade balance for July falling short of expectations.
The lower-than-expected trade balance suggests potential economic weakness in China, which could negatively impact the performance of Chinese large-cap stocks included in FXI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80