Reported Earlier, China Fixed Asset Investment (YoY) For September 3.4% Vs. 3.3% Est.; 3.4% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Fixed Asset Investment for September grew by 3.4% year-over-year, matching the prior month's growth and slightly exceeding the estimated 3.3%.
October 18, 2024 | 4:58 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see a positive impact as China's Fixed Asset Investment growth for September exceeded expectations, indicating potential economic strength.
FXI, which tracks large-cap Chinese companies, may benefit from the better-than-expected Fixed Asset Investment growth, suggesting economic stability and potential for increased corporate revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80