Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
These 11 stocks are struggling as the trade war with China heats up
These 11 stocks are struggling as the trade war with China heats up
Arjun ReddyMay 29, 2019, 20:09 IST
Advertisement
Goldman Sachs
These 11 companies rely heavily on sales to China, according to Goldman Sachs.
The companies' returns have lagged the market since President Donald Trump announced additional tariffs on May 5, and may be subject to further volatility if trade tensions continue.
Visit MarketsInsider.com for more stories.
President Trump launched a new bout of stock-market volatility on May 5 by announcing additional tariffs on Chinese goods. In particular, stocks with significant revenue exposure to China have come under pressure.
According to a new report from Goldman Sachs, US stocks with exposure to China have significantly lagged the S&P 500 since Trump's tweet.
In particular, the semiconductor industry has significant exposure to China. The iShares PHLX Semiconductor ETF is down 17% since May 5 while the S&P 500 lost just 5%. Other sectors, such as gaming and commercial lasers, have also been affected.
Advertisement
Markets Insider highlights the 11 companies that have the most sales exposure to China:
