US-China Trade Dispute: Customs Tariffs and Their Impact on Global Markets

9988.HK, with a last closing price of 103.1, has shown a decline of 4.09% within the last 24 hours. Technical indicators support the downtrend, signaling that the price is below its 20 and 50-day moving averages and the RSI is around 40. The negative MACD and the price remaining in a downward trend indicate that selling pressure is likely to continue in the short term. The US-China trade dispute is expected to negatively impact China-based technology companies, which could lead to a weak performance for 9988.HK in the short term. However, the MACD signal being slightly above suggests that a sudden reversal is not entirely ruled out, but the direction is still considered a clear decline.

BABA shares have contributed to global market uncertainty as US-China trade disputes escalate with increased tariffs. The stock fell 4.75% in the last 24 hours, with the RSI14 dropping to 34.91. Both the MACD and MACD signal lines are in negative territory, indicating short-term downward momentum. However, the SMA20 and SMA50 remain above the current price, suggesting the pace of decline may slow.

BIDU declined 4.5% to 111.77 amid news of US-China trade disputes. The RSI at 39.8 approaches oversold territory, but momentum remains weak. The MACD line is below the signal line and in negative territory, confirming a short-term bearish trend. The stock trades below its 20- and 50-day moving averages, which may act as resistance. If trade tensions persist, BIDU is likely to test the $110 support level.

The news headline emphasizes the ongoing US-China trade dispute and the impact of tariffs on global markets. This uncertainty may pose short-term risks for companies with international supply chains, such as AAPL. Technical indicators present a neutral outlook; the RSI at 52.5 is neither overbought nor oversold, the MACD is slightly below the signal line, and the price is balanced between the SMA20 and SMA50. Therefore, despite the negative potential of the news, the technical structure has not yet determined a direction, so a sideways movement can be expected in the short term.