Wall Street: Trump is making Chinese stocks great again.
On one side, the S&P 500 index officially entered a 10% technical correction zone on Thursday, while on the other side, the Shanghai Composite Index broke through the 3400-point mark again on Friday after two and a half months. Undoubtedly, the 'East rises, West falls' trend in the global market continues to unfold... In response, many overseas investment bankers have stated that as the comprehensive trade war initiated by U.S. President Trump raises concerns about economic recession, many global investors have unexpectedly found a new safe haven:
Chinese stocks. Some institutional investors have mentioned the 'irony' of Chinese and European stocks in the context of a weakening U.S. stock market—Trump has consistently listed these two regions as geopolitical competitors before and after taking office. However, his series of indecisive tariff policies have not made 'America great again'; instead, they have allowed markets like China to regain their former glory. Ross Mayfield, an investment strategist at Baird, stated that the pressure exerted by the Trump administration on foreign governments... has, in many cases, actually led to outstanding performance of those countries' (assets).
Now, a lot of foreign capital is rushing into the Chinese stock market. Who would have thought that while the U.S. stock market is struggling, it is the Chinese stock market that has saved investors? Don’t call A-shares garbage anymore.
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On one side, the S&P 500 index officially entered a 10% technical correction zone on Thursday, while on the other side, the Shanghai Composite Index broke through the 3400-point mark again on Friday after two and a half months. Undoubtedly, the 'East rises, West falls' trend in the global market continues to unfold... In response, many overseas investment bankers have stated that as the comprehensive trade war initiated by U.S. President Trump raises concerns about economic recession, many global investors have unexpectedly found a new safe haven:
Chinese stocks. Some institutional investors have mentioned the 'irony' of Chinese and European stocks in the context of a weakening U.S. stock market—Trump has consistently listed these two regions as geopolitical competitors before and after taking office. However, his series of indecisive tariff policies have not made 'America great again'; instead, they have allowed markets like China to regain their former glory. Ross Mayfield, an investment strategist at Baird, stated that the pressure exerted by the Trump administration on foreign governments... has, in many cases, actually led to outstanding performance of those countries' (assets).
Now, a lot of foreign capital is rushing into the Chinese stock market. Who would have thought that while the U.S. stock market is struggling, it is the Chinese stock market that has saved investors? Don’t call A-shares garbage anymore.
If you haven't joined the Binance chat room yet, click here to jump directly in: 点我进币安讨论组