China-Focused ETFs Face Uncertainty As US Blacklists Tencent, CATL
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2025
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Source: Benzinga
Impact of U.S. Blacklisting on Chinese Stocks: The Biden administration's decision to blacklist Tencent and CATL has caused significant declines in their stock prices, raising concerns about the implications for U.S.-China economic relations and investor sentiment towards Chinese stocks and ETFs.
Volatility in ETFs with Chinese Exposure: ETFs heavily invested in Chinese companies, particularly those linked to Tencent and CATL, are expected to experience increased volatility as investors monitor the situation closely amidst geopolitical tensions.
Analyst Views on GXC
Wall Street analysts forecast GXC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GXC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 102.660
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Current: 102.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
