Chinese Burritos Soar Thanks to Tariff Delays

This from the President of the United States.

I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!

As a result, a flurry of Chinese stocks are sharply higher this morning, including NIO, BILI, HUYA, LX, QD — just to name a few. When stocks open in 10 mins, we’ll have a more comprehensive list for you to salivate over.

NOTE: Chinese stocks soared nearly 6% last night — the highest level in 4 years.