CNBC Daily Open: A Trump post drowns out positive developments for markets

U.S. stocks had a rocky time of trading, swinging from highs to lows similar the prime of Game of Thrones crossed its 8 seasons.

At its lowest during the session, the S&P 500 fell arsenic overmuch arsenic 1.5%, but recovered and traded positively for astir of the time aft U.S. Trade Representative Jamieson Greer hinted that China's adjacent commercialized determination could power however President Donald Trump's tariffs are implemented.

The optimism successful markets fizzled, however, erstwhile Trump said helium was considering "terminating concern with China having to bash with Cooking Oil" and different forms of punitive measures, citing Beijing's halt of U.S. soybean purchases since May. Investors seemed to instrumentality that menace seriously, sending the S&P 500 down 0.2% for the day.

Developments elsewhere, however, were much encouraging. Federal Reserve Chair Jerome Powell suggested that the cardinal slope mightiness stop tightening monetary policy concerning its enslaved holdings. Meanwhile, large banks — bellwethers for economical enactment — specified arsenic JPMorgan Chase, Citi and Goldman Sachs, bushed net expectations, suggesting that the economy's fundamentals stay intact.

And portion Oracle's pivot to AMD's artificial quality chips — a determination distant from Nvidia graphics processing units — whitethorn not thrill Jensen Huang, it reduces attraction risk and strengthens the lawsuit for investors banking connected AI to proceed the marketplace rally.

Still, Trump's rhetoric overshadowed everything else. The question, then, is whether his commercialized brinkmanship volition derail the AI-fueled marketplace — oregon if the Magnificent Seven kingdom volition stand.

Trump threatens China with cooking lipid embargo. That's successful effect to Beijing halting its purchases of U.S. soybeans since May. Whether 100% tariffs connected China travel into effect depends connected however the state reacts, U.S. Trade Representative Jamieson Greer said Tuesday.

Prices successful China autumn much than expected successful September. The user terms scale declined 0.3% from a twelvemonth earlier, steeper than the 0.2% driblet forecast by economists. However, halfway CPI roseate 1% twelvemonth connected year, the highest since February 2024, according to Wind Information.

ChatGPT volition soon let 'erotica' for adults. OpenAI CEO Sam Altman announced the large argumentation displacement Tuesday, saying that it's portion of the company's "treat big users similar adults" principle. The institution antecedently prohibited astir big contented connected its chatbot.

U.S. stocks were mixed. On Tuesday, the S&P 500 and Nasdaq Composite fell but recovered from league lows. The Dow Jones Industrial Average, however, closed successful the green. Asia-Pacific markets traded higher Wednesday. South Korea's Kospi scale jumped much than 2.5%.

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Chinese firms propulsion backmost from listing successful the U.S. arsenic Hong Kong IPOs spot a surge

Chinese archetypal nationalist offerings successful the U.S. person slumped 4% twelvemonth connected twelvemonth successful presumption of woody worth truthful acold this year, raising conscionable $875.7 cardinal from 23 deals. Meanwhile, Chinese IPOs successful Hong Kong this twelvemonth person surged 164% twelvemonth connected year, raising $18.4 cardinal from 56 listings, Dealogic information showed.

One large snarl for Chinese companies funny successful U.S. listings is Beijing's choky power of the IPO process. A increasing fig of U.S.-listed Chinese companies are besides looking astatine Hong Kong amid rising delisting risks successful the U.S., a inclination that's giving an other boost to the city's sizzling market.

— Anniek Bao