China's Commerce Ministry, On EU's Definitive Findings On Anti-Subsidy Probe Into Chinese EV Says, EU Failed To Fully Absorb China's Opinions, And Insisted On Its 'Wrongdoings'; China Firmly Opposes It And Highly Concerned By This; China Will Take All Necessary Measures To Safeguard Legitimate Rights And Interests Of Chinese Firms
Portfolio Pulse from Benzinga Newsdesk
China's Commerce Ministry has expressed strong opposition to the EU's definitive findings on an anti-subsidy probe into Chinese electric vehicles (EVs). The Ministry claims that the EU failed to consider China's opinions and insists on its 'wrongdoings'. This development could impact international trade relations and the EV market.
August 20, 2024 | 2:17 pm
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be impacted by China's opposition to the EU's anti-subsidy findings on Chinese EVs, as it could affect Chinese companies included in the ETF.
FXI includes large Chinese companies, some of which may be involved in the EV sector. China's opposition to the EU's findings could lead to trade tensions, potentially affecting these companies' stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) might experience fluctuations due to potential trade tensions between the EU and China over the anti-subsidy probe into Chinese EVs.
VGK tracks European stocks, which could be affected by trade tensions with China. The EU's stance on Chinese EV subsidies might lead to broader economic implications for European markets.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60