U.S. and China reach framework deal on TikTok ownership
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Nvidia was edging down early on Tuesday as the market assessed the chip maker’s chances of being able to resume sales in China. Nvidia shares were down 0.2% at $177.41 premarket trading. The stock was broadly flat on Monday. Among other chip makers, Advanced Micro Devices was rising 0.5% and Broadcom was gaining 1.1% in premarket trading.
Asian equities advanced yesterday as the U.S. dollar weakened overnight. The Ministry of Foreign Affairs in Mainland China confirmed Friday’s call between U.S. President Trump and President Xi Jinping, though the spokesperson did not comment on the proposed sale of TikTok.
China's State Administration for Market Regulation says a preliminary probe found Nvidia failed to meet conditions tied to its 2020 purchase of Mellanox Technologies, and the agency plans further investigation.
Foreign investors are plotting a return to China's stock markets in a big way three years after pulling back and terming them uninvestable, encouraged by the tech opportunities on offer, and a growing demand for diversification beyond U.
China’s stock market has been on a $1.2 trillion tear since August, and regulators are starting to sweat. Behind closed doors, officials are weighing ways to cool the frenzy — from easing short-selling curbs to cracking down on speculative trading.
HONG KONG, Sept 16 - China and Hong Kong shares were largely flat in choppy trading on Tuesday as investors grappled with uncertainty over the future of U.S.-China relations. ** At the midday break, the Shanghai Composite index pared early gains to edge 0.1% lower at 3,856.45 points.
Trading around $34 per share, BP’s leading performance appears appealing, but the underlying narrative is more complex.
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U.S. stocks were flat to slightly higher, with the S&P 500 and Nasdaq Composite on track to top last week's record finishes, after President Trump said U.S.-China talks were going well. The Dow Jones Industrial Average was up 72 points,