Excerpt from Along the Boards’ article, USA walks back China tech investment restriction:
The Commerce Department is still looking into enhanced export controls, which would stop United States firms from shipping certain technology to China.
“We have a confusing message coming from our government”, said David Kotok, chief investment officer of Cumberland Advisors, which manages $3 billion in assets. The list of restrictions and controls will be announced by June 30, 2018. “#China is strategically buying up USA companies specializing in cutting edge technology”.
Those reports triggered a sell-off in tech stocks.
Read the full article here: US walks back China tech investment restrictions
Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.
Sign up for our FREE Cumberland Market Commentaries
Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.