Q3 is coming to a close. It's been a very week September for tech stocks in particular.

Deirdre Bosa is here with a look at one key overhang for the market and that is China, D.

So China, US.S. geopolitical tensions, they've been on the rise this year, but beneath the headlines, there are signs that American companies are still making inroads there, and Chinese companies continue to take market share here.

Let's go through them. There was Nike most recently who shares are soaring

this morning despite missing on revenue. It was the company's margins and

confidence in the Chinese consumer that has investors enthusiastic.

Now the China technology relationship more complicated to parse.

There's the chip export ban, rising challenges for Apple competition in EVs yet the iPhone 15 saw strong rollout

despite the renewed threat from Huawei's latest smartphone model and those

government restrictions. Yesterday though the country's internet regulator proposed relaxing rules on data flows abroad,

easing worries about how multinationals could continue to operate there.

Even today's headline from the journal, it's called Apple's latest China Challenge

a Crackdown that could shrink its app store.

That may not be as bad as it seems on the surface.

The new rules, they would affect both foreign and domestic app distributors.

Meanwhile, Chinese e-commerce giants, they continue to make inroads in America.

Bernstein expects Timu and Sheehan to reach 2% of the U.S. e-commerce market by year end and Pazets.

This doesn't look like Wish or Live Shopping 2.0.

It asks, is this the birth of new e-com giants?

Now if you thought that Tik-Tok was a phenomenon, look at the US

downloads of Timu and Sheehan since September of last year. That's when Timu

launched. Even if Tik-Tok is further restricted here or banned altogether

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