Reported Earlier, China Industrial Production Year to Date (YoY) For July 5.9% Vs. 6.0% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production year to date (YoY) for July was reported at 5.9%, slightly below the prior figure of 6.0%.
August 15, 2024 | 4:58 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to the slight decline in China's industrial production growth rate from 6.0% to 5.9%.
The slight decline in China's industrial production growth rate could signal potential economic slowing, which may negatively impact investor sentiment towards Chinese equities, including those in the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80