Learnings from the market today

During a trade war situation, negative news about one Chinese company listed NASDAQ or NYSE will cause negative price movement of other Chinese companies

• 17th May 2019 – Baidu poor earnings (-16% price decline) causes Weibo share price decline (-11% price decline)

Negative news about a negative law suit outcome for a semi conductor causes negative price movement of other semi conductor companies

• Apple evades legal claims by Qualcomm causes price decline in NVDIA (-4%) and MU (-10.6%)