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News  ›  Benzinga

Trump And Xi Found A Trade Truce—But Wall Street Wanted More

Benzinga Logo Benzinga By Piero Cingari
Trump And Xi Found A Trade Truce—But Wall Street Wanted More

President Trump and Chinese leader Xi Jinping reached a trade truce with mutual tariff reductions, but markets remained skeptical due to unresolved tensions in technology, semiconductors, and geopolitical issues.

Insights
GOOGL   positive

The article highlights Alphabet's quantum computing advancements, including completing tasks 13,000 times faster than supercomputers, having substantial financial resources, and being well-positioned to develop quantum technologies without the risks of pure-play competitors


BABA   negative

Stock fell 2.77% and was part of broader Chinese tech ADRs decline following the trade meeting