Reported Earlier, China Exports (YoY) For August 8.7% Vs. 6.5% Est.; 7.0% Prior
Portfolio Pulse from Benzinga Newsdesk
China's exports for August increased by 8.7% year-over-year, surpassing the estimated 6.5% and the previous month's 7.0%. This indicates a stronger-than-expected performance in China's export sector.
September 10, 2024 | 5:44 am
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The iShares China Large-Cap ETF (FXI) may see a positive impact due to China's stronger-than-expected export growth in August, which could boost investor confidence in Chinese equities.
FXI, which tracks large-cap Chinese companies, is likely to benefit from the stronger export data as it suggests economic resilience. This could lead to increased investor confidence and potential inflows into the ETF.
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