10 Stocks Sensitive To Major Developments In US-China Trade Talks

The "phase one" trade deal announced by the U.S. and China Friday saw many stocks jump, with investors breathing a sigh of relief as the U.S. pulled back on $160 billion in new tariffs that were set to go into effect Sunday. 

A number of sectors — including tech, biopharma and airlines — traded higher on the news. Here's a look at some of the stocks that moved on the latest trade war development. 

Technology Stocks

SINA Corp SINA is a Chinese technology company which operates four major business lines: Sina Weibo, Sina Mobile, Sina Online and Sinanet.

The stock was trading 0.93% higher at $38.15 at the time of publication.

Weibo Corp WB is a Chinese social network company spun off from Sina Corp. that's known for the microblogging website Sina Weibo. It is based in Beijing, China. Weibo Corp shares were trading 1.12% higher at $45.86 at the time of publication. 

Alibaba Group Holding Ltd - ADR BABA is a Chinese multinational conglomerate holding company specializing in e-commerce. Alibaba Group shares were trading 0.51% higher at $209.24 at the time of publication. 

Momo Inc MOMO is a Chinese mobile-based social networking platform. Momo shares were trading down 1.08% at $36.56 at the time of publication. 

Chemical Stocks

PetroChina Company Limited PTR is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corp., headquartered in Dongcheng District, Beijing. PetroChina Company shares were trading down slightly at $49.47 at the time of publication. 

China Petroleum & Chemical Corp ADR SNP is a Chinese oil and gas enterprise based in Beijing, China. The stock was up 0.63% at $59.12 at the time of publication. 

Airline Stocks

China Southern Airlines ZNH is an airline headquartered in Baiyun District, Guangzhou, Guangdong Province, China. China Southern Airlines shares were trading down 0.58% at $34.05 at the time of publication. 

China Eastern Airlines CEA is an airline headquartered on the grounds of Shanghai Hongqiao International Airport in Changning District, Shanghai. It is a major Chinese airline operating international, domestic and regional routes.

China Eastern Airlines shares were trading down 2.1% at $26.54 at the time of publication. 

Fast Food And Restaurants

Yum China Holdings Inc YUMC is an American Fortune 500 fast food restaurant company incorporated in the United States and headquartered in Shanghai. Yum China shares were trading down 1.23% at $47.16 at the time of publication. 

Luckin Coffee Inc LK is a chain of coffee shops in China. The company was founded in Beijing in October 2017. Luckin Coffee shares were trading down 1.86% at $30.56 at the time of publication. 

Related Links:

PreMarket Prep Recap: Trade War, Brexit Movers, Oracle Earnings

What The Pros Are Saying About Phase One Of The US-China Trade Deal

Photo courtesy of Alibaba.