Reported Earlier, China Gross Domestic Product (GDP) Year to Date (YoY) For Q3 4.8% Vs. 5.0% Prior
Portfolio Pulse from Benzinga Newsdesk
China's GDP growth for Q3 year-to-date is reported at 4.8%, slightly below the previous 5.0%. This may impact investor sentiment towards Chinese markets and related ETFs.
October 18, 2024 | 4:59 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to China's Q3 GDP growth slowing to 4.8% from 5.0%.
FXI, which tracks large-cap Chinese companies, could be impacted by the slower GDP growth as it may affect investor sentiment and economic outlook for China.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80