Stocks are rebounding from Friday’s selloff after President Trump said trade relations with China “will all be fine.”

US stocks surged on Monday, bouncing back from Friday's rout after President Trump played down the escalating US trade standoff with China, saying it "will all be fine!" Stocks are set to recoup some of Friday's hefty losses after Trump dialed back his Friday threat to impose an additional 100% tariff on Chinese goods from Nov.

NIO Inc (NYSE:NIO) stock is trading higher on Monday alongside other US-listed Chinese stocks after President Donald Trump posted conciliatory comments about China on social media. China's exports for September also came in ahead of estimates.

Trump’s tariffs and the government shutdown continue to affect markets. Follow live updates on the Dow, S&P 500, Nasdaq and other markets, including bitcoin and gold.

Futures tied to the Dow Jones Industrial Average rose 0.8% to 46,054, while S&P 500 futures jumped 1.1% and Nasdaq 100 futures climbed 1.5%.

Markets tumbled after Trump’s tariff threat on China, shaking investor confidence and reversing record highs amid rising recession fears. Learn why volatility spiked fast.

Nvidia is on the front lines of trade tensions between the world’s two largest economies. Chinese authorities are cracking down on imports of semiconductors with the aim of stopping its domestic companies from buying Nvidia hardware, the Financial Times reported Friday, citing anonymous sources.

Investing.com -- China Vanke (SZ:000002), one of China’s largest property developers, announced Monday that Chairman Xin Jie has resigned from the board less than a year after taking the position. Board director Huang Liping has been elected as the new chairman, according to a stock exchange filing.