U.S. Targets China With New Quantum, Chip-Related Export Curbs
Portfolio Pulse from Benzinga Newsdesk
The U.S. has imposed new export restrictions targeting China's quantum computing and semiconductor sectors. These measures aim to curb China's technological advancements in these critical areas.
September 05, 2024 | 5:10 pm
News sentiment analysis
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NEGATIVE IMPACT
The U.S. export restrictions on China's quantum computing and semiconductor sectors could negatively impact Chinese companies, potentially affecting the iShares China Large-Cap ETF (FXI).
The FXI ETF includes large Chinese companies that may be directly affected by the U.S. export restrictions, potentially leading to a negative impact on the ETF's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The U.S. export restrictions on China could have broader implications for global markets, including the SPDR S&P 500 ETF Trust (SPY), as investors assess the impact on U.S.-China relations.
While the direct impact on SPY may be limited, the broader implications for U.S.-China relations and global markets could influence investor sentiment and market performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50