Reported Earlier, China Gross Domestic Product (QoQ) For Q3 0.9% Vs. 1.0% Est.; 0.7% Prior
Portfolio Pulse from Benzinga Newsdesk
China's GDP growth for Q3 was reported at 0.9%, slightly below the estimated 1.0% and above the previous quarter's 0.7%. This may impact investor sentiment towards Chinese markets and related ETFs.
October 18, 2024 | 4:59 am
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The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to China's Q3 GDP growth of 0.9%, which is below the expected 1.0%.
FXI is an ETF that tracks large-cap Chinese companies. The lower-than-expected GDP growth may lead to concerns about economic slowdown, affecting investor sentiment and potentially leading to short-term price declines.
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