https://www.channelnewsasia.com/news/business/china-refuses-to-concede-on-us-demands-to-ease-curbs-on-tech-11374034
The investors have not factored in the breakdown of the US-China trade talk. Insofar, the investors have been optimistic about the outcome and are buying because of the fear of missing out of the market rally.
If the US demands get too outrageous, China will walk away from the trade deal.
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