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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
““FBI blocked probe into alleged 2020 election plot by China because it would ‘contradict Director Wray’s testimony’ to Congress, docs show””
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 statement could lead to increased volatility in the stock market, particularly affecting the iShares MSCI China ETF. Investors may perceive heightened geopolitical tensions and potential regulatory scrutiny, leading to a sell-off in Chinese-related assets. This could result in a decrease in the ETF’s value as market participants reassess the risk associated with Chinese investments.
Here are some of the stocks that might be affected:
iShares MSCI China ETF ((MCHI)).