Headlines
The US-China trade negotiations may lead to a break in the stocks by the end of the year
It has been nearly two years now that the two countries have been going through a significant trading threat, and things are not stable yet.
After the Federal Reserve delivered the third straight rate cut this week, it now depends on how the battle between China and President Donald Trump turns out by the end of the year.
On Thursday, stocks took a hit, which leads China to doubt whether they could maintain a healthy long-term trade relationship with the United States due to the impulsive decision-making nature of Trump.
The chipmakers have been held as the usual suspects. Since Trump has blacklisted Huawei back in May for security concerns, the chip makers have been quite sensitive to the headlines.
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According to Refinitiv, Micron Technology, Nvidia, Qualcomm, Broadcom, Qorvo, and AMD are the top S&P 500 companies, coming up with the highest exposure of revenue in China. Apart from that, Apple has also contributed 19.6% of its sales exposure to China.
The two significant casinos namely, Las Vegas Sands and Wynn Resorts, have shown 61% and 75% revenue exposure to China, respectively.
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