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Nvidia CEO stresses importance of China market in Beijing visit, Chinese state media reports
  • April 16, 2025

Nvidia CEO stresses importance of China market in Beijing visit, Chinese state media reports

Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country. "We hope to continue to cooperate with China," Huang said in a meeting with Ren Hongbin, head of the China Council for the Promotion of International Trade, according to Chinese state broadcaster CCTV. China welcomes more U.S. companies including Nvidia to further explore the Chinese market, vice premier He Lifeng told Huang as the two met at the Great Hall of the People in Beijing on Thursday, state news agency Xinhua reported.

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US Stock Futures Rise on Optimism Over Trade Talks: Markets Wrap
  • April 16, 2025

US Stock Futures Rise on Optimism Over Trade Talks: Markets Wrap

(Bloomberg) -- Stock futures signaled a rebound on Wall Street as positive signals from initial US-Japan trade talks stirred optimism agreements can be reached to avoid higher levies on American trading partners.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceHow Did This Suburb Figure Out Mass Transit?DOGE Places Entire Staff of Federal Homelessness Agency on LeaveWhy the Best Bike Lanes Always Get BlamedLA County Floats Leaner Budget Burdened by Fire and

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China stocks face risk of $800 billion US outflows, Goldman says
  • April 16, 2025

China stocks face risk of $800 billion US outflows, Goldman says

(Bloomberg) -- US investors could be forced to offload around $800 billion of Chinese equities “in an extreme scenario” of financial decoupling between the world’s two largest economies, Goldman Sachs Group Inc. estimates. Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceHow Did This Suburb Figure Out Mass Transit?DOGE Places Entire Staff of Federal Homelessness Agency on LeaveWhy the Best Bike Lanes Always Get BlamedLA County Floats Leaner Budget Burdened

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Stocks, dollar drift as US-Japan trade talks in focus
  • April 16, 2025

Stocks, dollar drift as US-Japan trade talks in focus

Asian equities edged higher on Thursday, while the dollar firmed slightly as traders took stock of trade negotiations between the U.S. and Japan even as uncertainties around tariffs implemented by President Donald Trump kept sentiment fragile. Investors were also digesting comments from Federal Reserve Chair Jerome Powell, who warned of the risk of slowing growth and rising prices due to tariffs, while gold prices scaled record highs again on safe-haven flows. Japan's Nikkei rose 0.7% while the yen weakened as Japan kicked off talks with the United States.

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TSMC forecast lifts gloomy mood in chip stocks, tariff worries linger
  • April 16, 2025

TSMC forecast lifts gloomy mood in chip stocks, tariff worries linger

SINGAPORE (Reuters) -Taiwan's TSMC on Thursday lifted some share prices in Asia and Europe amid U.S. President Donald Trump's fast-evolving trade policies by providing an upbeat forecast, a day after warnings from Nvidia and ASML rocked chip stocks. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, reported better-than-expected quarterly profit on Thursday and maintained its full-year outlooks for both revenue and capital spending. Shares of Japanese tech companies and some European firms rose after the TSMC results, which were announced after Taiwan stock markets closed.

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