S&P 500 Rises Amid Trump’s Planned China Trip and TikTok Deal Progress
The S&P 500 climbed as President TRUMP announced plans to visit China early next year following a productive call with Chinese President Xi Jinping. The discussion covered trade, fentanyl controls, the Ukraine conflict, and the approval of a TikTok deal that grants U.S. investors an 80% stake in the app.
Both leaders agreed to meet at the upcoming APEC Summit in South Korea, with Xi expected to visit the U.S. at a later date. Market sentiment improved on signs of easing U.S.-China tensions, though no direct cryptocurrency implications were noted in the dialogue.