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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“My G2 meeting with President Xi of China was a great one for both of our countries. This meeting will lead to everlasting peace and success. God bless both China and the USA!”
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 his meeting with President Xi could boost investor confidence in the iShares MSCI China ETF, as improved U.S.-China relations may lead to enhanced economic cooperation and trade. This optimism might result in increased demand for Chinese equities, potentially driving up the ETF’s value. However, the actual impact will depend on subsequent policy developments and tangible outcomes from the meeting.
Here are some of the stocks that might be affected:
iShares MSCI China ETF ((MCHI)).