five of South Korea’s Hanwha Ocean’s U.S. subsidiaries<\/a>. This will forbid organizations and individuals in China from doing business with the affected companies. The move, the Chinese government said, aims at strengthening China’s security. <\/p>\nTrade tensions have been rising since late last week, when President Donald Trump threatened to place an additional 100% tariff on Chinese imports, sending stocks sharply lower. The Dow on Friday lost more than 800 points, while the S&P 500 posted its biggest one-day loss since April 10.<\/p>\n
On Sunday, however, Trump dialed back his rhetoric, noting in a Truth Social post: “Don’t worry about China, it will all be fine.”<\/p>\n
That comment sent stocks soaring on Monday. The S&P 500 and Dow each jumped more than 1% on the day, marking the former’s biggest one-day gain since May 27. The Dow had its best day since Sept. 11 and broke a five-day losing streak. Monday’s rebound retraced more than half of the S&P 500’s decline on Friday, and two-thirds of the Dow’s steep losses.<\/p>\n
“Trade policy remains a key driver for US financial markets this year, and last week saw a sharp re-escalation in tensions between the US and China,” Ulrike Hoffmann-Burchardi, global head of equities at UBS Global Wealth Management, said in a note. “With hardened positions on both sides, we expect increased equity market volatility into the end of the month. However, the history of Trump-Xi negotiations suggests that escalation is often followed by tactical truces, and rare earth minerals versus shipping fees could ultimately seal a deal.”<\/p>\n
Tuesday’s moves came despite the release of mostly solid quarterly results. J&J, JPMorgan Chase and Wells Fargo all reported earnings that beat analyst expectations. Goldman Sachs also topped estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor at New York Stock Exchange American at the New York Stock Exchange in…\n","protected":false},"author":2,"featured_media":498813,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[4959,51,3085,125319,7992,2441,125321,125320,1831,16,15,49,7990],"class_list":{"0":"post-498812","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-breaking-news-markets","9":"tag-business","10":"tag-business-news","11":"tag-dow-jones-fut-sep25","12":"tag-jpmorgan-chase-co","13":"tag-markets","14":"tag-nasdaq-100-fut-sep25","15":"tag-sp-500-fut-sep25","16":"tag-stock-markets","17":"tag-uk","18":"tag-united-kingdom","19":"tag-united-states","20":"tag-wells-fargo-co"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115372606357560523","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/498812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=498812"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/498812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/498813"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=498812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=498812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=498812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}