財經閱讀 26/5

近日幾篇抓眼晴的報導和文章,閱讀時間大概30分鐘(斜體為報導文章內容):

半導體行業受挫

This chart shows how chip stocks are ground zero for the trade war (May 23, 2019)

“A risk for technology companies is that the trend continues, and China retaliates with moves that make it more difficult for U.S. companies to operate in China," Rob Anderson, investment research analyst at Ned Davis Research, wrote in a note Thursday. “For now, we maintain our market weight recommendation on the sector … We will take our cue from our sector model and monitor the trade situation. We may downgrade the sector to underweight if the trade war causes the overall economy to slow and weakness spreads into software spending."

 

Screen Shot 2019-05-25 at 20.29.56.png
Source: This chart shows how chip stocks are ground zero for the trade war

China offers five-year tax breaks to chip makers, software developers to bolster industry as trade war stretches to tech (May 22, 2019)

“The government is acting very quickly this time to support the domestic high-technology industry after Huawei was targeted in the rising trade tension,” said Wu Kan, an investment manager at Soochow Securities in Shanghai. “The megatrend is that China will have to develop its own chips and software on a large scale to reduce its reliance on the US. We’ll see other support measures and that’s big positive news for China’s technology sector in the long turn.”

華為被封鎖

Donald Trump’s Huawei ban is a more severe threat to global economy than trade war tariffs, economists say (May 24, 2019)

As a leader in cost, technology and innovative areas like 5G, it would be “very difficult for Huawei’s competitors to totally regain market share in this segment,” UBS analyst Sundeep Gantori said.

“Given the company’s broader contribution to industry innovation, the restrictions would likely slow down overall progress of such technologies.”

Screen Shot 2019-05-25 at 21.46.11.png
Source: Donald Trump’s Huawei ban is a more severe threat to global economy than trade war tariffs, economists say

If Donald Trump kills off Chinese firm Huawei, do Asia’s 5G dreams die? (May 25, 2019)

Why China shouldn’t retaliate against US firms after Huawei ban (May 25, 2019)

Microsoft said to stop accepting new orders from Huawei as it moves to comply with US restrictions (May 24, 2019)

Apple Inc. (AAPL)

Apple Has a More Pressing Risk Than U.S.-China Tariffs, Analyst Says (May 25, 2019)

But Ives doesn’t view additional tariffs on Apple as particularly realistic, and he also notes CEO Tim Cook’s track record of mitigating tariffs. “To this point, we continue to strongly believe that for a company that employees over 1 million Chinese workers with its flagship Foxconn factory and is a major strategic player within the China technology ecosystem that from a supply chain perspective Apple will not have major roadblocks ahead despite the loud noise," Ives said. “Taking a step back, we ultimately believe there is a low likelihood that Apple and its iPhones feel the brunt of the tariffs given its strategic importance domestically as well as Cook’s ability to navigate these issues in the past with Trump and K Street." 

Apple’s earnings would drop by nearly 30% if China bans its products, Goldman Sachs says (May 22, 2019)

文翠珊下台

Theresa May resigns as UK prime minister amid Brexit crisis (May 24, 2019)

Here’s why the ‘Irish backstop’ has taken center stage amid Brexit negotiations (Feb 10, 2019)

2019 歐洲議會選舉

The EU has an important election this week. Here’s what you need to know (May 20, 2019)

中美貿易戰

The trade war is forcing China to ‘rethink economic ties’ to the US (May 22, 2019)

Farmers don’t want aid, they want trade: Sen. Grassley (May 23, 2019)

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