If China continues to show an uneven path of recovery from its stringent Covid restrictions, these stocks could suffer.
Signs have emerged that the Chinese economic recovery is losing momentum coming out of the pandemic, and if the negative trend continues, these U.S. companies with high revenue exposure to the region could get hurt. Goldman Sachs analyzed company 10-K filings to determine the geographic revenue exposure of each stock in the S & P 500. They found a number of stocks with revenue exposure to Greater China of over 40%.
Semiconductors have been caught up in the U.S.-China battle for tech dominance. Washington has tried to cut China and Chinese firms off through sanctions and export restrictions in the past few years, including blacklisting Huawei. The U.S. also introduced broader chip restrictions last year, aiming to deprive Chinese firms of critical semiconductors that could serve artificial intelligence and more advanced applications.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China’s Envoy: China to resume imports of Australian timberChina’s ambassador to Australia, Xiao Qian, said that China is on track to resume imports of Australian timber from Thursday and that talks are underw
Leer más »
Vietnam rebukes China, Philippines over South China Sea conductVietnam on Thursday criticised recent conduct by a Chinese research ship and the Philippine coast guard in the South China Sea, accusing its neighbours of separate actions that were violating its sovereign rights.
Leer más »
Sen. Marco Rubio releases COVID-19 origins report detailing suspicious behavior in ChinaSen. Marco Rubio released Wednesday a report offering a “mountain of circumstantial evidence” that the coronavirus leaked from a lab in Wuhan, China, instead of spilling over from nature.
Leer más »
China, birthplace of COVID, lays tracks for a new global health crisisChina has built a state-of-the art high-speed railway that cuts through the forests of Laos. The link is supposed to bring prosperity. Some scientists fear it could also bring out something else: a new pandemic
Leer más »
Aston Martin stock soars as China's Geely to become no.3 shareholderAston Martin's shares jumped nearly 25% on Thursday after the luxury carmaker announced a 234 million pound investment by China's Geely , doubling the automotive firm's stake to make it the third-largest shareholder.
Leer más »
Stock market today: Global stocks trade mixed amid worries about China, US economiesGlobal shares were trading mixed Wednesday as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of Asia was mired in uncertainty.
Leer más »