Trumps Upcoming Meetings with Xi Jinping Boosts US Stock Markets
U.S. President Donald Trump is set to meet with Chinese President Xi Jinping next week, confirmed by the White House, which has resulted in a positive trend for the three major indices on the New York Stock Exchange.
On the 23rd (local time), the Dow Jones Industrial Average closed at 40,734.61, up 144.2 points (0.31%) from the previous session. The S&P 500 index rose by 39.04 points (0.58%) to finish at 6,738.44, while the Nasdaq Composite Index jumped by 201.4 points (0.89%) to close at 22,941.80.
During a press briefing, the White House announced that Trump will visit Malaysia starting the night of the 24th and will subsequently travel to Japan and South Korea. It was revealed that he is scheduled to hold consecutive summits with Japans new Prime Minister Sanae Takaichi on the 28th, South Korean President Lee Jae-myung on the 29th, and Xi Jinping on the 30th. The confirmation of the meeting between Trump and Xi helped alleviate uncertainties, bolstering the stock indices further.
Following the White House briefing, the S&P 500 index rose an additional 10 points, reflecting the markets optimistic response to the announcement.
Despite the ten-day wait until the U.S.-China summit, which raises the possibility of unexpected developments due to Trumps unpredictable nature, the markets reacted positively to the news. The confirmation of the U.S.-China summit has also eased concerns that had pressured the stock market the day before regarding potential restrictions on software exports to China.
The U.S. government is considering extensive export restrictions on products containing American-made software.
At the same time, while the Trump administration has imposed sanctions on major Russian oil companies, causing West Texas Intermediate (WTI) crude oil futures to surge by over 5%, the market remained unfazed. Although the spike in oil prices raises inflation concerns, investors appear to be more focused on the easing of U.S.-China trade tensions.
On the 23rd (local time), the Dow Jones Industrial Average closed at 40,734.61, up 144.2 points (0.31%) from the previous session. The S&P 500 index rose by 39.04 points (0.58%) to finish at 6,738.44, while the Nasdaq Composite Index jumped by 201.4 points (0.89%) to close at 22,941.80.
During a press briefing, the White House announced that Trump will visit Malaysia starting the night of the 24th and will subsequently travel to Japan and South Korea. It was revealed that he is scheduled to hold consecutive summits with Japans new Prime Minister Sanae Takaichi on the 28th, South Korean President Lee Jae-myung on the 29th, and Xi Jinping on the 30th. The confirmation of the meeting between Trump and Xi helped alleviate uncertainties, bolstering the stock indices further.
Following the White House briefing, the S&P 500 index rose an additional 10 points, reflecting the markets optimistic response to the announcement.
Despite the ten-day wait until the U.S.-China summit, which raises the possibility of unexpected developments due to Trumps unpredictable nature, the markets reacted positively to the news. The confirmation of the U.S.-China summit has also eased concerns that had pressured the stock market the day before regarding potential restrictions on software exports to China.
The U.S. government is considering extensive export restrictions on products containing American-made software.
At the same time, while the Trump administration has imposed sanctions on major Russian oil companies, causing West Texas Intermediate (WTI) crude oil futures to surge by over 5%, the market remained unfazed. Although the spike in oil prices raises inflation concerns, investors appear to be more focused on the easing of U.S.-China trade tensions.
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이게 나라냐!!
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코리아 핀테크 위크 2023 멋지네요
한혜*
정말 미래적인 기술이네요. 어서 빨리 상용화 되었으면 좋겠습니다.
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