'Taiwan's top security officials make secret trip to US for talks' - Financial Times
Portfolio Pulse from Benzinga Newsdesk
Taiwan's top security officials have made a secret trip to the US for talks, highlighting the sensitive nature of current relations between Beijing and Taipei.

August 22, 2024 | 3:22 pm
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NEUTRAL IMPACT
The secret visit of Taiwan's security officials to the US may impact the iShares MSCI Taiwan ETF (EWT) due to potential geopolitical tensions.
EWT, which tracks Taiwanese equities, could be affected by geopolitical tensions arising from Taiwan's secretive diplomatic activities with the US. However, the direct impact on the ETF's holdings is uncertain, leading to a neutral short-term outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The visit may influence the iShares China Large-Cap ETF (FXI) due to potential shifts in US-China-Taiwan relations.
FXI, which focuses on large-cap Chinese equities, might be indirectly influenced by changes in geopolitical relations. However, the lack of direct impact on the ETF's specific holdings results in a neutral short-term outlook.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see limited impact from Taiwan's secretive diplomatic activities with the US.
SPY, representing the S&P 500, is less likely to be directly affected by Taiwan's diplomatic activities. The broader US market may not react significantly to this specific geopolitical event, leading to a neutral short-term outlook.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 40