Geopolitics Alpha

Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war

Published . Updated .

Key takeaways

  • China’s consumer price index, a key inflation gauge, rose 0.7 per cent year on year last month.
  • Exposed: ITA, XAR, USO, BWET, FXI
  • Market reaction: price tracking starts with the next trading session.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war

China’s consumer price index, a key inflation gauge, rose 0.7 per cent year on year last month.

Directly affected

  • No company is named in this report.

Indirectly affected

  • ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.

  • XAR SPDR S&P Aerospace & Defense ETF-4.4% 30d

    SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.

  • USO United States Oil Fund-1.1% 30d

    United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.

  • FXI iShares China Large-Cap ETF-5.1% 30d

    iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).

  • EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d

    iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in China

  • EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d

    VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from China.

  • EEM iShares MSCI Emerging Markets ETF-4.4% 17d

    iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes China

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ITA+3.67%+2.77%baseafter closeafter closeafter closeafter close
XAR+2.91%+0.53%baseafter closeafter closeafter closeafter close
USO+5.62%-2.06%baseafter closeafter closeafter closeafter close
XRT+1.17%+4.73%baseafter closeafter closeafter closeafter close
FXI-4.96%-1.02%baseafter closeafter closeafter closeafter close
EMB-0.23%+0.42%baseafter closeafter closeafter closeafter close
EMLC-0.30%+0.30%baseafter closeafter closeafter closeafter close
EEM+3.03%+3.88%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war South China Morning Post

Source: South China Morning Post

How far IShares U.S. Aerospace & Defense ETF (ITA) has moved since 9 Nov 2026

CompanyWhenMoveStatus
Ishares Tr (EEM)three days earlier+3.88%final price
Ishares Tr (EEM)five days earlier+3.03%final price
Ishares Tr (EMB)three days earlier+0.42%final price
Ishares Tr (EMB)five days earlier-0.23%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)three days earlier+0.30%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)five days earlier-0.30%final price
Ishares China Large-Cap Etf (FXI)three days earlier-1.02%final price
Ishares China Large-Cap Etf (FXI)five days earlier-4.96%final price
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier+2.77%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier+3.67%final price
United States Oil Fund (USO)three days earlier-2.06%final price
United States Oil Fund (USO)five days earlier+5.62%final price
Spdr Series Trust (XAR)three days earlier+0.53%final price
Spdr Series Trust (XAR)five days earlier+2.91%final price
XRTthree days earlier+4.73%final price
XRTfive days earlier+1.17%final price

IShares U.S. Aerospace & Defense ETF (ITA) on one side of this defense story

Companies carried with this story

  • ITA IShares U.S. Aerospace & Defense ETF

    In “Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

  • XAR Spdr Series Trust

    In “Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story

  • BWET Amplify Commodity Trust

    In “Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story

  • FXI Ishares China Large-Cap Etf

    Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war.” Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)

  • EMB Ishares Tr

    Ishares Tr (EMB) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war.” Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in China

  • EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf

    In “Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from China

  • EEM Ishares Tr

    For “Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes China

IShares U.S. Aerospace & Defense ETF (ITA) and the defense link

“Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war” (9 Nov 2026) reaches IShares U.S. Aerospace & Defense ETF (ITA) through Defense.

For IShares U.S. Aerospace & Defense ETF (ITA), the reason on file says iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

Spdr Series Trust (XAR) is here too. Its reason reads: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

Dates and price levels for IShares U.S. Aerospace & Defense ETF (ITA)

ITA traded between 197.59 and 218.73 across 20 sessions. The latest close on file is 216.38. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XAR traded between 210.89 and 237.55 across 20 sessions. The latest close on file is 231.04.

A simple score for IShares U.S. Aerospace & Defense ETF (ITA)

62 out of 100

“Breaking | China’s imported inflation accelerates as PPI up most since 2022 amid Iran war” scores 62 out of 100. The score uses 3 sources, and 8 linked companies.