Reported Earlier, China Gross Domestic Product (YoY) For Q3 4.6% Vs. 4.6% Est.; 4.7% Prior
Portfolio Pulse from Benzinga Newsdesk
China's GDP for Q3 grew by 4.6% year-over-year, matching estimates but slightly lower than the previous quarter's 4.7%.
October 18, 2024 | 4:59 am
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NEUTRAL IMPACT
The iShares China Large-Cap ETF (FXI) may see a neutral impact as China's Q3 GDP growth of 4.6% aligns with expectations, though it is slightly lower than the previous quarter.
FXI is an ETF that tracks large-cap Chinese companies. The GDP growth rate meeting expectations suggests stability, but the slight decrease from the previous quarter may not significantly affect investor sentiment.
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RELEVANCE 80