{"id":145817,"date":"2020-02-06T21:33:13","date_gmt":"2020-02-06T21:33:13","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=145817"},"modified":"2020-02-06T23:30:19","modified_gmt":"2020-02-06T23:30:19","slug":"china-slashes-tariffs-and-markets-surge","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/china-slashes-tariffs-and-markets-surge\/","title":{"rendered":"China slashes tariffs and markets surge"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/2020\/02\/06\/china-to-halve-tariffs-on-hundreds-of-us-goods.html\" target=\"_blank\" rel=\"noopener\">China<\/a> announced it would slash retaliatory tariffs on hundreds of U.S. goods, totaling US$75 billion. The surprise announcement, intended to smooth China-US trade, lifted North American markets to even fresher highs Thursday. After shrugging off coronavirus fears, markets have been breaking new highs daily.<\/p>\n<p>On Thursday, the TSX closed up 0.57% above 17,750, a new high. Consumer staples and real estate led the charge. In fact, most sectors including the drowsy financial sector substantially gained, while energy plunged 1.32%. Big movers included <a href=\"https:\/\/stockchase.com\/SMF-T\">Semafo<\/a>, a little-known gold producer in west Africa, popped 9%, while <a href=\"https:\/\/stockchase.com\/BCE-T\">BCE<\/a> climbed 2.12%. Utilities continued to climb as Quebec-based <a href=\"https:\/\/stockchase.com\/BLX-T\">Boralex<\/a> made another record high by rising 4.27%.<\/p>\n<p>In New York, the Nasdaq outperformed its peers, rallying 0.67%. Tech was on investors&#8217; minds Thursday. After the bell, <a href=\"https:\/\/stockchase.com\/PINS-N\">Pinterest<\/a> released earnings, beating on the top and bottom lines, and was rewarded with a 10% pop. <a href=\"https:\/\/stockchase.com\/UBER-N\">Uber<\/a> reported a mixed bag, as their gross bookings missed, but their overall loss was not as deep as expected. It wobbled up and down in after-hours trading. In contrast, <a href=\"https:\/\/stockchase.com\/ATVI-Q\">Activision Blizzard<\/a> gained 2.4% during Thursday&#8217;s session, then added 2% after the bell when the gamer announced a revenue beat. Those investors will sleep well, perhaps in a Casper bed. CASP-N <a href=\"https:\/\/finance.yahoo.com\/news\/casper-prices-ipo-222615705.html\" target=\"_blank\" rel=\"noopener\">IPO<\/a>&#8216;d at $12\/share, but closed at a respectable $13.50.<\/p>\n<p>&#x1f528; <a href=\"https:\/\/stockchase.com\/SMF-T\">Semafo Inc<\/a> +9%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BCE-T\">BCE Inc.<\/a> +2.12%<br \/>\n&#x26a1; <a href=\"https:\/\/stockchase.com\/BLX-T\">Boralex Inc.<\/a> 4.27%<br \/>\n&#x1f4bb; <a href=\"https:\/\/stockchase.com\/PINS-N\">Pinterest Inc.<\/a> +10%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/ATVI-Q\">Activision Blizzard<\/a> +2%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China announced it would slash retaliatory tariffs on hundreds of U.S. goods, totaling US$75 billion. The surprise announcement, intended to smooth China-US trade, lifted North American markets to even fresher highs Thursday. After shrugging off coronavirus fears, markets have been [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-145817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/145817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=145817"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/145817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=145817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=145817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=145817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}