Tensions with U.S. spur Chinese buying of chipmaking stocks

rose 6.8% on Friday to a four-month high, bringing the week's gains to 14.2%, the best weekly performance since mid-2020.Although the U.S. Chip Act would further restrict the use of advanced U.S. technologies in China, while prodding more semiconductor investment in the U.S, some investors interpret it as good news for local Chinese players.

This view was echoed by Guorong Securities, which said in a note that the U.S. Chip Act will "stimulate the development of China's semiconductor industry".soared 82% on their first day of trading in Shanghai, in contrast with weaker recent stock market debuts.

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S&P 500 Blasts Higher, Nasdaq 100 on Brink of Exiting Bear Market Territory, NFP EyedS&P 500 and Nasdaq 100 rally on positive market sentiment following better-than-expected ISM PMI. Strong U.S. service sector data suggests the economy is not about to fall off the cliff. A better gauge of strength will be NFPs on Friday.
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Energy prices have dipped, but oil stocks are still a buy, investor saysOil prices have fallen sharply from their recent peaks, but there's still a case for buying oil stocks, according to Bill Smead of Smead Capital Management. Beware of expert’s opinion, they are more often wrong. Lol I believe cnbc
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