Boeing’s share price is a good gauge of the US-China trade war [MSN Money]
China Southern Airlines Company Limited (ZNH)
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Source: MSN Money
© Provided by Atlantic Media, Inc. Aircraft are the US’s biggest export, making up $95 billion in goods leaving the country in the first nine months of this year. About $12.7 billion of those aircraft exports, or 13%, went to China. Load Error Boeing is America’s biggest exporter of aircraft, which makes its share price a useful gauge for how investors rate the twists and turns of US-China trade relations. The plane maker is also the largest component in the Dow Jones Industrial index. Consider the past few days. On Monday (Dec. 3), Boeing closed up 3.8%, as investor sentiment was pretty cheery about the outcome of a weekend meeting between Donald Trump and Xi Jinping at the G20 summit in Buenos Aires. Trump emerged from that meeting agreeing to delay an increase in tariffs slated for Jan. 1 and Xi agreed to buy more US goods; both sides also agreed to keep talking about thornier issues, such as how China supports its wide range of state-owned industries and
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