Reported Earlier, China New Loans For September 1,590.0B Vs. 1,090.0B Est.; 900.0B Prior
Portfolio Pulse from Benzinga Newsdesk
China's new loans for September significantly exceeded expectations, reaching 1,590.0 billion compared to the estimated 1,090.0 billion and the previous 900.0 billion. This indicates a strong credit expansion in the Chinese economy.
October 14, 2024 | 11:27 am
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The iShares China Large-Cap ETF (FXI) may see positive movement due to China's new loans in September surpassing expectations, indicating strong economic activity.
The significant increase in new loans suggests a boost in economic activity in China, which could positively impact the performance of Chinese large-cap stocks included in the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80