US-China Chip Spat Threatens Fragile Truce as Markets Weigh PBoC Stimulus

On Monday, May 12, the US and China announced a 90-day trade war truce, slashing tariffs on Chinese goods from 145% to 30% and US goods from 120% to 10%. In response to the truce, the Hang Seng Index rallied 2.98%, while the Nasdaq Composit
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