Why FANG stocks are hitting record highs despite US-China trade fights
https://www.cnbc.com/2018/06/21/why-fang-stocks-are-hitting-record-highs-despite-us-china-trade-fights.html
Even as technology gets dragged into the growing trade tensions between China and the U.S., stocks in the sector continue to rally to record highs.
Earlier this month, President Donald Trump announced plans to slap a 25 percent tariff on up to $50 billion of Chinese goods, including technology related to semiconductors. There is also concern that some U.S. companies could be forced to stop providing products to Chinese firms.
Why FANG stocks are hitting record highs despite US-China trade fights
Jun 21, 2018, 11:46am UTC
https://www.cnbc.com/2018/06/21/why-fang-stocks-are-hitting-record-highs-despite-us-china-trade-fights.html
> Even as technology gets dragged into the growing trade tensions between China and the U.S., stocks in the sector continue to rally to record highs.
> Earlier this month, President Donald Trump announced plans to slap a 25 percent tariff on up to $50 billion of Chinese goods, including technology related to semiconductors. There is also concern that some U.S. companies could be forced to stop providing products to Chinese firms.