A truce in the U.S.-China trade war has sparked a relief rally across risk assets, but these stocks are really cheering.
The biggest winners from the ceasefire are chipmakers. Semiconductors not only benefited from the agreement between President Donald Trump and Chinese President Xi Jinping, the group also celebrated Trump's decision to ease his ban on American companies selling products to Chinese telecom giant Huawei.
Goldman Sachs scanned 2018 company filings to find the companies with the highest sales exposure to Greater China in the Russell-1000 Index. The list is concentrated in chipmakers including
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