In a recent discussion, Gordon Chang criticized President Biden for inadequate responses to China's economic maneuvers, particularly China's decision to cut mortgage rates. He highlighted growing aggression from President Xi Jinping and suggested that Biden's administration is lagging in addressing these challenges. This growing tension in U.S.-China relations could have significant impacts on global markets.
Given the geopolitical tensions and the scrutiny on financial systems related to China, investors might consider cautious approaches to companies heavily reliant on China. Tech companies, particularly those that face regulatory scrutiny, may experience increased volatility.
Positive
With China's mortgage rate cuts potentially stimulating a housing market recovery, this could benefit materials and construction sectors, suggesting possible investment opportunities in ETFs focused on these areas.
Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'
Oct 11, 2024, 2:24 AM
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
Oct 11, 2024, 12:20 AM
The Taiwanese government suggested the detentions may be a case of "abuse of power" by Chinese police.