US-China Talks Bring Optimism Amidst Tensions

1 min read
Source: Bloomberg
US-China Talks Bring Optimism Amidst Tensions
Photo: Bloomberg
TL;DR

US and Chinese officials met in Vienna to ease existing strains between the two countries, giving Asia investors a fresh reason to be bullish. The meeting set the stage for a possible call between President Joe Biden and Chinese President Xi Jinping. Market impact may be short-term, according to OCBC's Xie. RBC's Tan sees TSMC/Nasdaq semis index relationship as a proxy.

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