Stocks wind up mixed on Wall Street
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US and China have called a temporary truce to their ongoing trade tensions, removing a big deterrent to foreign investors. TD Asset Management's Haining Zha discusses potential opportunities
The market is still being fueled by bullish bets on AI. BofA's Michael Hartnett says two assets in particular could hedge against a pullback.
11don MSN
Asia markets and US stock futures rise after US and Chinese officials agree on trade deal framework
US stock futures rose Sunday after US and Chinese representatives agreed on a framework for a trade deal, potentially averting a tariff hike to 157% on Chinese goods.
Shares of major Chinese semiconductor firms soared on Thursday following reports that Beijing plans to prohibit the use of foreign-made artificial intelligence (AI) chips in state-funded data centres.
Chinese stocks and gold are the best hedges against a boom in the artificial intelligence trade that has pushed valuations to elevated levels, according to Bank of America Corp. strategists.
China's smartphone market continued its steady contraction in the third quarter, with shipments declining 14% year-on-year, research firm Counterpoint reported on Friday.
Pony Ai and WeRide stocks dropped on Thursday as the Chinese autonomous driving developers started trading in Hong Kong, after raising nearly $1.2 billion in share offerings.Pony Ai's share price slid nearly 11 per cent in early trade after the company raised about $863 million.
Rare-earth stocks fell again on Monday as investors unwound bets tied to fear of Chinese export restrictions. That trade looks dead with President Donald Trump calling the Chinese rare-earth threat “completely gone.