BEIJING]  A rule aimed at curbing exposure to overvalued stocks is posing another challenge to China’s market, just as renewed Sino-American trade tensions have abruptly stalled the rally this month.

The biggest rally in Chinese stocks in eight years is faltering this month, and traders are watching a political gathering in Beijing this week that could deliver fresh policy measures to revive the market.

Markets took a late-day gut punch on Oct. 14 after President Donald Trump took to Truth Social and threatened to terminate business with China “having to do with cooking oil” among other “elements of trade” in response to China slashing imports of U.S. soybeans in recent months. (1)

President Donald Trump announced Friday he would implement new 100% tariffs on imports from China starting next month in response to what he called "aggressive" moves by China regarding export controls. In a social media post, Trump said the new tariffs would take effect Nov. 1.

The volatility in the stock market may stay high as the Nov. 1 deadline approaches for President Donald Trump’s proposed 100% tariffs on China to take effect, said Joe Mazzola, head trading and derivatives strategist at Charles Schwab.

Nasdaq drops after report on possible U.S. software curbs to China

The stock market rose for the week but whipsaw action made trading tricky. Tesla and GE Aerospace are near buy points with earnings due.

A highly anticipated press briefing by China's top economic planner fell short of expectations.

Gift Nifty was trading around 26,276 level, a premium of nearly 370 points from the Nifty futures’ previous close, indicating a massive gap-up start for the Indian stock market indices.

The Dow, S&P 500 and Nasdaq all rose this week, as investors shook off concerns about bad loans as well as trade tensions with China.