Stock Market News: Tension between US and China

August 7, 2020, 2:26 pm EDT

Tension between US and China

Tension between the US and China rises quickly like banning action on TikTok and WeChat, which are popular apps made in China. Facebook (FB) gets benefits because of potential transfer users from WeChat. Tencent (TCEHY), owner company of WeChat, lost -7% accordingly. 

Trade war, COVID-19, spy activities, south China sea conflict, HongKong Security law, Taiwan threat, are piling up issues to be resolved between US and China. The progress is not getting better but getting worse every day this year after the January trade agreement.

If the conflict escalates to a higher level like military actions, then stock markets may go through certain shocks. Be prepared. 

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