Connect with us

Hi, what are you looking for?

Markets

Janet Yellen Heads to China to Talk Trade and Technology. These Stocks Could Benefit.

Treasury Secretary Janet Yellen travels to China on Thursday to try to ease recent strains over trade, technology, and Taiwan. 

The trip comes as concerns grow that the world economy is fragmenting after decades of globalization. U.S. companies such as Apple that have long relied on China as a manufacturing base are moving production elsewhere, and tit-for-tat restrictions on exports of semiconductors shows how uneasy relations have become. 

The
Hang Seng
Index rose 2.2% on Monday. China-exposed stocks such as
Taiwan Semiconductor
(2330.TAIWAN) and
Nvidia
(NVDA) were rising in premarket trading.
Apple,
(APPL) which recently topped a $3 trillion valuation, was little changed. 

Both countries have plenty to gain from continued cooperation, a point Yellen has made several times in recent months. China’s economy has struggled to recover from belatedly lifting Covid-19 era restrictions at the end of last year.

Manufacturing contracted for a third month in June, official statistics showed Friday. Yellen’s trip comes after Secretary of State Antony Blinken met Chinese leader Xi Jinping in Beijing last month.

Write to Brian Swint at [email protected]

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Indien jou wilt, heef Plinko-online.nl een uitgebreid artikel pennen afgelopen pastoor jouw kunt verkrijgen bij Plinko. Zodra het basketbal waarderen het Plinko-acteerprestatie zijn gelanceerd,...

Uncategorized

Content Przepis Promocji w całej Lemon Casino – SMS Bill Casino Ekskluzywne bonusy wyjąwszy depozytu Swoje doświadczenie wraz z rozrywki pochodzące z bonusem 50...

Uncategorized

Content ¿Hay tragamonedas regalado que hay disponibles alrededor ipad? Referencia general desplazándolo hacia el pelo prestaciones Tragamonedas regalado vs. tragamonedas con manga larga recursos...

Uncategorized

Content Animations, Graphics, and you can Sound effects: new online casino ideal Mention Ancient Egypt OLG.ca are a lotto and you will gambling webpages...