Trading wars impact

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The market might rip higher tomorrow.

When I needed negative news to buy, good news keep coming.

Sun rising from the West :flushed:

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Reuters has not reviewed the classified report.

When investigating and determining the nature of online incidents there must be full proof of the facts, otherwise it’s just creating rumors and smearing others, pinning labels on people indiscriminately.

Australia has in recent years intensified efforts to address China’s growing influence in Australia…

Not the right party to have influence.

That’s why it is designated as classified :slight_smile:

Reuters is not just any organization. Their reputation/integrity is what pays their bills & they will make sure there is minimum chance of defaming it’s integrity. Reuters have taken full responsibility for the report as shown below.

five people with direct knowledge of the matter told Reuters

Hacking into other country’s parliament is not considered part of influence making.

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Is a direct quote from the article. Can’t comprehend your response. Are you commenting on the choice of words by the Reuter’s journalist?

“Not reviewed” = hearsay

Nowadays, all news sources can’t be trusted🤗

Btw, heard from sources that have direct access to the report that Australia wants to pin the breach on China.

You heard?

:+1: … True, highlighted quote is not related directly to the hacking(realized now it’s part of the article). It’s in context to the geopolitics @ the hacking.

California's war with Trump is destroying America

Stock market news: September 27, 2019

U.S. stocks reversed course and fell Friday following a Bloomberg report that the Trump administration is considering limiting investments in China, which could escalate tensions ahead of another round of trade talks next month.

Micron Technologies (MU), an Idaho-based chipmaker that counts Huawei as a customer, on Thursday cited the trade war as a significant challenge for the business, which derives more than 80% of its revenue from international sources.

Finally a negative from Trump. Bot TWLOs too early :cry: and didn’t unload all MU :sob:
Added to VEEV :face_with_hand_over_mouth:

IMHO, Trump would continue to be tough on China till he is either confident that he would be elected or elected for next term. Having a deal with China would be as impactful as the new tax policy, the timing has to be right.

Originally thought a deal would happen just before the election, with the impeachment inquiry, probably not. Guess is after election. Two more years of yo-yo.

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IMO, it is six more years !!

I think that’s far better than tariffs. I don’t understand how the mechanics work on a delisting though. Does the company have to buy all the shares back?

It’s far worse. US can’t be the world’s biggest financial center by cutting off access to the world’s 2nd biggest economy. Finance matters much more to our economy than banging metal.

This is just evidence No. 9523 of Trump admin’s half baked thinking. What will stopping American capital flow to China accomplish? It will weaken the RMB. Ask yourself, is a weaker RMB good for America?

It cuts China’s access to raising capital in the US. Companies new capital to grow. Also, it’d prevent them from offering stock to US employees. Losing access to capital is huge.

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Yeah that assumes NY is the only place Chinese companies can access international capital. What about London, Hong Kong, Singapore and Tokyo?

Capital is far more mobile than factories and machines. Kicking alibaba out of NY will force it to list in HK instead.

Remember now all these economies,UK, Japan and Euro, are suffering and likely reach economical downturn.

Yield curve inversion is the result of worldwide banks, wherever negative interest rates, are buying long term UST as the interest rate is better than their country returns. This is what widely reported in many news papers (and Bloomberg).

Trump is business savvy and too crooked to hit weak place.

Tariff is to discourage imports (by US importers), that forces consumers to pay money or eat away importers profit. This also increases income to government. Even if some other Presidents coming in future, they won’t remove such tariffs.

Delisting makes the company into OTC market, liquidity issue. As soon as delisting official, funds and retail investors will start selling the shares. Whoever is not selling, they can only sell it to OTC market where both price and liquidity will be issue. Big funds may go out and raising capital is hard for the companies.

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Barron says => The iShares MSCI China ETF (ticker: MCHI) index slid 1.2% to $56.09 while the iShares MSCI Emerging Markets ETF (EEM) index, which has a 32% weighting to Chinese stocks, fell 0.75% to 40.86.

This is very normal volatility of a Friday, nothing alarming…

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https://www.cnbc.com/2019/09/28/us-pulling-investments-from-china-would-be-an-unmitigated-disaster.html

Roach noted that the United States and China had been negotiating what’s known as a “bilateral investment treaty” for about 10 years before the trade war began in an effort to open “our markets to China and China’s markets to us.”

“We got really close, but now it’s been stalled out,” Roach said. “We have bilateral investment treaties with 42 countries. China has them with 145. Free and open investment is the best way to enhance cross-border opportunities for multinational corporations, so we’re going the wrong way. This really would concern me if we were to make progress on it.”