Reported Earlier, China Consumer Price Index (YoY) 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% year-over-year, surpassing the estimated 0.3% and the previous month's 0.2%.
August 09, 2024 | 4:58 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see positive movement as China's CPI for July increased by 0.5% YoY, surpassing expectations.
The higher-than-expected CPI indicates stronger consumer demand and economic activity in China, which could positively impact Chinese large-cap stocks included in FXI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80