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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly. A deal was also reached on a “certain” company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!! President DJT”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s positive remarks about the trade meeting between the U.S. and China could boost investor confidence, potentially leading to a rise in the iShares MSCI China ETF as market participants anticipate improved trade relations. The mention of a deal on a ‘certain’ company favored by young people might hint at a resolution for a tech company, further influencing tech stocks positively. Overall, the statement suggests a strong diplomatic relationship, which could stabilize or increase stock prices related to U.S.-China trade.
Here are some of the stocks that might be affected:
iShares MSCI China ETF ((MCHI)).