Investors haven’t lost confidence in market shares, amidst trade war between China and the United States. Overseas investors are buying Chinese market shares as said by one of the officials pertaining to UBS Securities.
Chinese stock wasn’t performing all that well and the investors initially weren’t too interested in making huge investments. But after the truce between Donald Trump and the Xi Jinping of China regarding trade tariffs, the Chinese stock market has shown more than 20% growth. The stock markets of Shanghai and Shenzhen showed a market increase after a ceasefire between economic rivals at the G-20 summit.
Now it is believed that the investors can breathe healthy and safe after easing of tensions between China and the United States. The president of the Chinese UBS Securities said that since the inception of the trade war and the resultant rise in tariffs, the investors were eager to buy the so-called A-shares. The investors have been eyeing to go out for the purchases even with the stiffening of trade sanctions.
The G-20 summit has given an array of hope in terms of better economic relationships between the arch economic rivals in the United States and China. The summit has resulted in easing of nerves between North Korea and China. Though the meeting and handshake of the U.S premier with Kim may not be directly associated with trade issues. But the tensions between Pyongyang and Washington were mounting and friendly gesture would yield positive results in the field of politics and global economy.
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