Technology shares could be in the cross-hairs as tensions between China and the U.S. rise.
U.S.-China relations are worsening and analysts say technology shares, in particular, could be vulnerable to retaliation from Beijing.
Stocks rose on Friday afternoon after Trump's comments because he did not ratchet up trade tensions, while condemning China's actions. The semiconductor sector is at the heart of the U.S.
""As long as the U.S. continues to be careful with its punitive measures, then China will probably act in similar fashion," Christopher said. Beyond tech, industrial companies could also be at risk, he added.In a report to the National People's Congress last week, Chinese Premier Li Keqiang vowed that Beijing will work toward the liberalization of global trade and investment. He specifically acknowledged that China will work with the U.S. to implement the phase one trade deal.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Trump announces China sanctions over Hong Kong, termination of WHO relationshipTrump announces China sanctions over Hong Kong, termination of WHO relationship. He did not mention the death of George Floyd during the White House event.
Consulte Mais informação »
Hong Kong on borrowed time as China pushes for more controlHong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status. China’s passage of a national security law for the city is the latest sign that the 50-year “one country,
Consulte Mais informação »
Trump announces unprecedented action against ChinaTrump's announcement was a multi-part salvo in what's been a steadily escalating confrontation that's now being played out over trade, telecom, the media, student visas, the South China Sea, coronavirus & most recently, the question of Hong Kong's autonomy
Consulte Mais informação »
Trump's China press conference could mark the end of his cautious approach to BeijingWith tensions over Hong Kong near a boiling point, Americans will get a chance to see if there's a bite behind Trump's China bark.
Consulte Mais informação »
Trump courts Africa to counter coronavirus — and ChinaThe administration is trying to signal that African countries can look to the U.S. for coronavirus support instead of China, which is facing its own backlash in the continent
Consulte Mais informação »