Various Chinese stocks are feeling the pressure Thursday morning following yesterday's meeting between President Biden and China's Xi Jinping at the APEC Summit in San Francisco. And Wall Street is on edge. Charles Schwab (SCHW) Chief Global Investment Strategist Jeffrey Kleintop joins Yahoo Finance Live to weigh in on additional factors that are contributing to dips in Chinese and China-exposed stocks. Kleintop suggests that the Biden-Xi meeting might not have been the “big China news” that is moving stocks — it could be the upcoming Taiwanese election. With increasing interest in relations with China, Kleintop notes a "reversing intellectual capital flow", where innovation and technology are coming from China to the West for the first time in recent business cycles. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Various Chinese stocks are feeling the pressure Thursday morning following yesterday's meeting between President Biden and China's Xi Jinping at the APEC Summit in San Francisco. And Wall Street is on edge.
Charles Schwab (SCHW) Chief Global Investment Strategist Jeffrey Kleintop joins Yahoo Finance Live to weigh in on additional factors that are contributing to dips in Chinese and China-exposed stocks.
Kleintop suggests that the Biden-Xi meeting might not have been the “big China news” that is moving stocks — it could be the upcoming Taiwanese election.
With increasing interest in relations with China, Kleintop notes a "reversing intellectual capital flow", where innovation and technology are coming from China to the West for the first time in recent business cycles.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
SmartAsset
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Investor's Business Daily
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