Reported Sunday, China Consumer Price Index (YoY) For September 0.4% Vs. 0.6% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Consumer Price Index (CPI) for September increased by 0.4% year-over-year, falling short of the estimated 0.6% and the previous month's 0.6%. This indicates a slower pace of inflation in China.
October 14, 2024 | 5:32 am
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The iShares China Large-Cap ETF (FXI) may be impacted by China's lower-than-expected CPI growth, as it reflects slower inflation and potential economic challenges.
FXI, which tracks large-cap Chinese stocks, may be affected by the lower-than-expected CPI growth, indicating slower inflation and potential economic challenges in China. This could lead to a negative sentiment towards Chinese equities in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80