US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Trump to Ease U.S. Fuel-Economy Standards 
China Agrees to Buy 20 Million Tons of U.S. Coal 
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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).
