India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Trump Win May Trigger Chinese Stock Decline and Spur Beijing Stimulus, JPMorgan Predicts
According to JPMorgan, a Donald Trump victory in the 2024 U.S. presidential election could result in a significant sell-off in Chinese stocks, pushing Beijing to ramp up fiscal stimulus efforts to stabilize its economy. Trump's strong stance on China includes plans for heightened trade tariffs if re-elected, which could lead to further economic pressures on Beijing, potentially requiring new economic support measures.
JPMorgan analysts noted that a second Trump administration might employ a more assertive approach to tariffs and other trade policies. They stated, “A Trump 2.0 scenario would likely mean increased tariffs and escalation tactics, leading to a probable initial sell-off in the Chinese markets.” In response, China may also impose its countermeasures.
To manage potential economic disruptions, JPMorgan expects that Beijing might introduce additional stimulus to boost demand, stabilize markets, and strengthen domestic industries. The investment bank highlighted China Galaxy Securities and Semiconductor Manufacturing International Corp as potential winners if Beijing increases fiscal support to counteract external pressures.
In contrast, JPMorgan views a Kamala Harris victory as potentially bolstering Chinese market optimism. Under her leadership, Chinese export-oriented stocks, such as Qingdao Haier and Midea Group, might benefit from increased global trade and cooperation.
Additionally, China's National People’s Congress Standing Committee is expected to meet this week, with analysts forecasting a significant fiscal spending plan to support economic stability amid global uncertainties. Experts anticipate a new stimulus package totaling at least 10 trillion yuan ($1.4 trillion).
