Reported Earlier, China Industrial Production (YoY) For July 5.1% Vs. 5.2% Est.; 5.3% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production for July grew by 5.1% year-over-year, slightly below the estimated 5.2% and the prior month's 5.3%.
August 15, 2024 | 4:57 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see a slight negative impact due to China's industrial production growth for July missing estimates and showing a decline from the previous month.
FXI, which tracks large-cap Chinese companies, could be negatively impacted as the industrial production data suggests a slowing growth trend, potentially affecting investor sentiment.
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