US EditionTrade Tensions Cool as Trump and President Xi Prepare to Meet
The Busan summit between Trump and Xi aims to ease trade tensions and boost Korean strategic sectors, with rare earth stocks rising on hopes of supply chain improvements.
- The Busan summit is driving market focus on Korean firms in rare earth materials and shipbuilding as Xi's first Korea visit in 11 years raises hopes for easing restrictions.
- With the U.S. still reliant on China for about 70 percent of rare earths, Seong An Materials and Union Materials have expanded into rare earth materials recently, while South Korea's visa-free entry policy for Chinese tour groups was implemented late last month.
- Several analysts said Sunday that Seong An Materials and Union Materials, KOSPI-listed, are expected to gain ground during the Busan gathering, while Hanwha Ocean and HD Hyundai Heavy Industries are linked to Korean shipbuilding near Geoje Island.
- An expected influx of visitors to Gyeongju during APEC events will boost department stores, hotels, casinos, and cosmetics and beauty-related stocks, while entertainment stocks may see renewed investor interest with major entertainment firms expecting solid third-quarter results.
- The MASGA initiative and U.S.-Korea tariff negotiations position Korean shipbuilders as key partners against China's naval expansion, while Xi Jinping's first visit in 11 years raises hopes for easing hallyu content restrictions.
37 Articles
37 Articles
Why is everyone so eager to meet with China?
This week, the European Union and China will hold talks in Brussels aimed at easing trade tensions. All this, as Donald Trump meets Xi Jinping to discuss trade and critical minerals on the other side of the world. But why is everyone so eager to meet Chinese officials?
Is the US-China trade war coming to an end?
The United States and China are moving toward a potential trade agreement, according to US President Donald Trump. Ahead of his meeting with Chinese President Xi Jinping on October 30 in South Korea, Trump said the two countries are set to “come away with” a deal. The discussions aim to ease trade tensions that have affected global economic relations, though details of the agreement have not yet been finalised.
U.S. and China say a trade deal is drawing closer as Trump and Xi ready for a high-stakes meeting
A trade deal between the United States and China is drawing closer, officials from the world’s two largest economies said Sunday as they reached an initial consensus for U.S. President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting.
The Daily News
US-China trade tensions appear to cool before upcoming Trump-Xi meeting
U.S.-China trade tensions appear to have cooled before an upcoming meeting between President Donald Trump and Chinese leader Xi Jinping. Each side is saying that a deal is nearing between the world’s two largest economies. Any agreement would be a…
Trade tensions cool as Trump and President Xi prepare to meet
KUALA LUMPUR, Malaysia (AP) — Trade tensions between the United States and China appeared to cool on Sunday ahead of a meeting between President Donald Trump and Chinese leader Xi Jinping, with the Chinese government suggesting that a mutual understanding had been reached between the world's two largest economies. The talks followed China placing limits on the exporting of rare earth elements needed for advanced technologies and Trump’s threat o…
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