Reported Earlier, China Fixed Asset Investment (YoY) For July 3.6% Vs. 3.9% Est.; 3.9% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Fixed Asset Investment (YoY) for July came in at 3.6%, below the estimated 3.9% and the prior 3.9%.
August 15, 2024 | 4:57 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to China's Fixed Asset Investment (YoY) for July coming in at 3.6%, below the estimated 3.9% and the prior 3.9%.
The lower-than-expected Fixed Asset Investment figure suggests a slowdown in economic activity, which could negatively impact investor sentiment towards Chinese equities, including those in the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80