The debate over whether Chinese-owned TikTok can operate in the U.S. is back with fervor, revealing more about the risk for Chinese stocks in a U.S. presidential election year.
Such considerations motivated Goldman Sachs analysts to update their model for measuring the level of risk from U.S.-China tensions in Chinese stocks.
Their barometer, created in 2020, "has correlated well with the U.S.-China events timeline, and China equity performance," the analysts said.
Goldman's revised U.S.-China tensions barometer stands at a modest 53 out of 100, indicating a "somewhat benign" outlook for the bilateral relationship.
But as the TikTok bill now makes its way to the Senate, many analysts expect its momentum to slow.
Persons:
Goldman Sachs, Goldman's, It's, Raymond James, That's, Steven Mnuchin, CNBC's, Mnuchin, Donald Trump, Joe Biden, Trump, Biden, Goldman, — CNBC's Michael Bloom
Organizations:
U.S ., Goldman, U.S, Chinese Communist Party, IMEIK Technology, Postal Savings Bank
Locations:
U.S, China, Beijing