Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth following into market segments sheltered from tariffs and likely to ride an eventual economic recovery.

He thinks Trump is serious about his campaign promise to impose tariffs of 60% on all Chinese goods. American businesses are dusting off a playbook they used during Trump’s first term: stocking up on imported goods before tariffs are enacted.

Donald Trump’s victory in the 2024 US presidential election sent shockwaves through the financial markets. US stocks surged to record highs, with the Dow Jones Industrial Average gaining more than 1,000 points in a single day for the first time since November 2022.