Global Markets Volatility: U.S.-China Trade Tensions Spark Tech Rout and Strong Q2 Results

New York, New York, USA United States of America
Asian stocks fell as US-China trade tensions sparked a technology rout
ASML Holding NV reported stronger-than-expected earnings driven by AI-fueled demand
Beyond Meat faced a 16% decrease after potential balance sheet restructuring discussions with bondholders
Discover Financial saw a 3% increase in its stock price following strong second-quarter results
Nvidia and Advanced Micro Devices experienced significant declines in their stock prices due to investor selling and concerns over potential trade restrictions
The Biden administration is reportedly considering imposing more sanctions on Chinese tech firms and heightening semiconductor trade restrictions between the US and China
The Nasdaq Composite index had its worst day since December 2022 with a decrease of 2.8% as tech stocks were heavily sold off
Tokyo Electron Ltd. could face increased scrutiny from U.S. authorities for involvement in supplying to Chinese markets
U.S. stock futures inched higher despite Nasdaq Composite's worst session since late 2022 due to investors rotating out of tech high-flyers
Global Markets Volatility: U.S.-China Trade Tensions Spark Tech Rout and Strong Q2 Results

In the financial world, two significant events unfolded on July 17 and 18, 2024. On the first day, U.S. stock futures inched higher despite the Nasdaq Composite experiencing its worst session since late 2022 due to investors rotating out of big tech high-flyers (CNNB). Meanwhile, Asian stocks fell as US-China trade tensions sparked a technology rout (YAHOO).

Discover Financial saw a 3% increase in its stock price following the release of strong second-quarter results. Conversely, Beyond Meat faced a 16% decrease after reports emerged of potential balance sheet restructuring discussions with bondholders (CNNB). The Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all experienced slight gains in futures trading.

On the second day, most Asian stocks continued to decline due to renewed concerns over a trade war between the US and China. Tokyo Electron Ltd. could face increased scrutiny from U.S. authorities for its involvement in supplying to Chinese markets (YAHOO). ASML Holding NV reported stronger-than-expected earnings, driven by AI-fueled demand (YAHOO).

The Nasdaq Composite index had its worst day since December 2022, with a decrease of 2.8%, as tech stocks were heavily sold off. The Biden administration is reportedly considering imposing more sanctions on Chinese tech firms and heightening semiconductor trade restrictions between the US and China (CNN).

The S&P 500 lost 1.4%, while the Dow Jones Industrial Average rose 0.6% to close above 41,000 for the first time.

Nvidia and Advanced Micro Devices experienced significant declines in their stock prices due to investor selling and concerns over potential trade restrictions (CNN). The Russell 2000 index, which tracks small-cap stocks, also saw a decline midday Wednesday but was still up 4.5% for the week.

The Magnificent Seven tech stocks – Microsoft, Apple, Amazon, Alphabet (Google), Tesla, and Meta Platforms (Facebook) – all experienced declines as investors pivoted towards more economically sensitive sectors in anticipation of interest rate cuts.

These events highlight the ongoing volatility in global markets due to geopolitical tensions and economic uncertainty.


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Confidence

91%

Doubts
  • Are there any specific Chinese tech firms being targeted by the Biden administration for sanctions?
  • What is the exact nature of Tokyo Electron Ltd.'s involvement in supplying to Chinese markets?

Sources

79%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nasdaq has worst day since 2022 as tech stocks get slammed

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Krystal Hur Wednesday, 17 July 2024 16:28
  • Unique Points
    • The Nasdaq Composite index had its worst day since December 2022, with a decrease of 2.8%.
    • The Biden administration is considering imposing more sanctions on Chinese tech firms and heightening semiconductor trade restrictions between the US and China.
  • Accuracy
    • The tech-heavy Nasdaq tumbled 2.8% in its worst day since December 2022, closing below 18,000 for the first time since July 1.
    • The S&P 500 dropped 1.4%.
  • Deception (30%)
    The author uses emotional manipulation by stating 'tech shares slumped' and 'investors shed the behemoths that fueled Wall Street’s monster stock rally this year'. She also uses selective reporting by only mentioning the negative performance of tech stocks and ignoring their positive performance. The article does not disclose any sources.
    • investors shed the behemoths that fueled Wall Street’s monster stock rally this year
    • tech shares slumped
  • Fallacies (85%)
    The author makes an appeal to authority by mentioning the Bloomberg report about the Biden administration's plans without providing any context or evidence of her own. She also uses inflammatory rhetoric by describing tech stocks as 'behemoths' and 'the monster stock rally this year'. However, she does not make any formal logical fallacies in her statements.
    • ]The US Commerce Department declined to comment.[
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock futures rise slightly after Nasdaq's worst day since 2022: Live updates

CNBC News Sarah Min Wednesday, 17 July 2024 22:03
  • Unique Points
    • Discover Financial popped 3% after its second-quarter results topped expectations.
    • Beyond Meat tumbled about 16% after reports of potential balance sheet restructuring discussions.
  • Accuracy
    • The Nasdaq tumbled 2.8% in its worst day since December 2022, closing below 18,000 for the first time since July 1.
    • The S&P 500 dropped 1.4%.
    • The Dow rose by 0.6%, closing above 41,000 for the first time.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

90%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Asian stocks sink as US-China trade tensions spark technology rout

Yahoo Finance Unknown Investing.com Thursday, 18 July 2024 06:23
  • Unique Points
    • US-China trade tensions are causing concerns over a renewed trade war between the countries
    • Tokyo Electron Ltd. could face more U.S. scrutiny over its supplying to Chinese markets
    • ASML Holding NV clocked stronger-than-expected earnings on Wednesday due to AI-fueled demand
  • Accuracy
    • The U.S. is considering stricter trade restrictions on China if companies continue supplying chip technology to China
    • Microsoft, Apple, Amazon, Alphabet, Tesla and Meta Platforms shares all experienced declines.
  • Deception (70%)
    The article contains selective reporting as it focuses on the negative impact of US-China trade tensions on Asian stocks and technology companies without mentioning any potential positive effects or counterbalancing factors. The author also uses emotional manipulation by describing the potential consequences of renewed trade war between the world's biggest economies as 'severe retaliatory measures from Beijing, sparking a renewed trade war between the world’s biggest economies.'
    • Most Asian stocks fell on Thursday, with losses centered around technology and chipmaking shares as the threat of more U.S. restrictions on China ramped up concerns over a renewed trade war between the countries.
    • Such a move could represent continued efforts by the Biden administration to cut China off from advancements in artificial intelligence.
    • TSMC slid 3.5% in Taiwan trade, tracking a nearly 8% overnight slump in its U.S. units (NYSE:TSM), with the sell-down being largely driven by Trump’s comments and as part of a broader chip rout.
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication