Yahoo Finance host Julie Hyman tracks today’s top moving stocks and biggest market stories in this Market Minute, including Chinese stock reactions from Alibaba (BABA, 9988.HK), Baidu (BIDU, 9888.HK), and JD.com (JD, 9618.HK) after President Trump threatened tariff hikes against China; chip stocks Nvidia (NVDA), Broadcom (AVGO), and Advanced Micro Devices (AMD) falling on suggestions to AI chip export controls; and rare earth companies MP Materials (MP) and USA Rare Earth (USAR) are soaring.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.
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It’s time for Yahoo Finance’s market minute. Stocks are falling after President Trump threatened a massive increase in tariffs on Chinese goods, saying negotiations are becoming very hostile.
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Trump also saying he may cancel a planned meeting with Xi Jinping later this month in South Korea.
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Chinese tech stocks like Alibaba, Baidu, jD.com are getting hammered on this news.
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Chip stocks are also down on the back of this threat to ramp up China tariffs. Semiconductors have been caught in the crossfire of US-China tensions all year with President Trump imposing export controls on AI chips in China. AMD, Broadcom, Nvidia all taking a hit.
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Meanwhile, shares of rare earth mineral related stocks are soaring as trade tensions escalate. Trump claiming that China sent letters to other countries to impose export controls on rare earths.
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The Trump administration has been moving to grow its own reserve of the materials by investing in domestic producers.
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And that’s your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks of the session.
