Reported Earlier, China Trade Balance (USD) For August 91.02B Vs. 81.40B Est.; 84.65B Prior
Portfolio Pulse from Benzinga Newsdesk
China's trade balance for August was reported at $91.02 billion, surpassing the estimated $81.40 billion and the previous $84.65 billion. This indicates a stronger than expected trade performance for China.
September 10, 2024 | 5:45 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see a positive impact due to China's stronger than expected trade balance for August, which suggests robust economic activity.
FXI, which tracks large-cap Chinese companies, is likely to be positively impacted by the stronger than expected trade balance. This suggests robust economic activity in China, which could boost investor confidence in Chinese equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80