US Stocks seem to be fairing better with Nasdaq gaining over 5.5% in August and some of the companies experiencing extremely large growths. For example, Apple, which recently reached a market capitalization of over 1 trillion, gained 20% last month, which is the largest rate of growth for the company since 2009. These gains could be attributed to a strong economic performance. With a release of new data, like the employment report which is set to be revealed this Friday, the stocks could see an even further uptick. Norihiro Fujito, the Chief Investment Strategist at Mitsubishi UFJ Morgan Stanley Securities commented on the issue saying: “U.S. shares and only a handful of countries are likely to continue to attract global funds”.
The period allotted for public consultation on Donald Trump’s new trade plan ends this Thursday. The President of the US has commented that a round of new tariffs on Chinese products would be introduced soon after. These tariffs, which could cover $200 billion worth of Chinese imports, would be in addition to the tariffs on $50 billion worth of goods already introduced. Naturally, the Chinese government isn’t expected to sit back and accept the tariffs without and reciprocal actions. “It looks almost certain that (U.S. President Donald) Trump will impose 25 percent tariffs on $200 billion worth of imports from China,” – commented Mr. Fujito from Mitsubishi UFJ Morgan Stanley Securities.