A Stock Trader's Guide for Visit of US Senate Group to China.

The trip led by senate Majority Leader Chuck Schumer and Republican Senator Mike Crapo may lead to broader two-way talks and pave the way for a later meeting between Presidents Joe Biden and Xi Jinping, market watchers say. Micron, headquartered in Boise, Idaho, is currently building a chip-fabrication plant in upstate New York, making its business issues home-state concerns for both Crapo and Schumer, who represent those states. (Bloomberg) -- Traders are betting a visit by US senators to China next week may help prevent any further deterioration in bilateral relations, and boost sentiment toward the Asian nation's assets. [Extracted from the article]