3 Chinese Stocks Poised to Benefit From the Phase-One Trade Deal
With phase one of the trade deal between the U.S. and China signed, some investors can breathe a sigh of relief. A little more stability was restored in the global economy now that China has agreed to step up purchases from U.S. farmers and the U.S. halted plans for additional tariffs on Chinese products.
The deal doesn't signal an end to the tariffs and trade tensions that have been going on for more than a year now, but it is a step in the right direction and that bodes well for a host of Chinese stocks, including JD.com (NASDAQ: JD), Baidu (NASDAQ: BIDU), and Lenovo (OTC: LNVGY). All three have been trading higher since the deal was inked. With hopes of more progress on trade talks in the ensuing months, the stocks are poised to appreciate even further. Here's why.
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