Reported Earlier, China Industrial Production (YoY) For September 5.4% Vs. 4.6% Est.; 4.5% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production for September grew by 5.4% year-over-year, surpassing the estimated 4.6% and the previous month's 4.5%.
October 18, 2024 | 4:59 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) may see positive movement as China's industrial production growth exceeded expectations, indicating stronger economic activity.
FXI, which tracks large-cap Chinese companies, is likely to benefit from stronger-than-expected industrial production growth, suggesting robust economic activity in China.
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