Hang Seng Tech will take time to recover from the recent sell-off. I see both U.S. and China relations are set to boost bilateral trade. With Beijing approval for Alibaba and ByteDance to purchase Nvidia’s RTX Pro 5500, more deals should follow. It is a good move.
Furthermore, a reciprocal USD 30 billion tariff cut plus an AI dialogue starting in November show the world that both sides are acting to reduce tensions. This is good news for smaller nations such as Singapore. Don’t you agree? Coming Christmas, it could be a good deal for American as they can buy cheaper toys for their children ☺️.
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