Reported Earlier, China Consumer Price Index (MoM) For July 0.5% Vs. 0.3% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Consumer Price Index (CPI) for July increased by 0.5% month-over-month, surpassing the estimated 0.3% and reversing the prior month's -0.2% decline.
August 09, 2024 | 4:58 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see positive short-term movement as China's CPI for July increased by 0.5% MoM, surpassing expectations and reversing the previous month's decline.
The better-than-expected CPI data suggests improved economic conditions in China, which could positively impact the performance of Chinese large-cap stocks included in FXI.
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