<ul><li>Stocks exposed to Vietnam including Nike Inc. and Lululemon Athletica Inc. soared on Friday after President Donald Trump said he had a “very productive call” with Vietnam’s To Lam.</li><li>Nike shares erased an earlier loss to gain as much as 5.9%, while On Holding AG and Skechers USA Inc. also rose more than 6% each. Lululemon Athletica shares meanwhile jumped 3.9%.</li><li>The stocks tumbled Thursday on Trump’s sweeping tariff plans, as the companies had shifted production to Vietnam to avoid China tariffs.</li><li>About half of all Nike brand shoes and 39% of Adidas shoes are made in Vietnam, according to regulatory filings, with the country being the largest supplier of footwear for both companies.</li></ul>

Nike, Lululemon Stocks Soar As Trump Touts Productive Call With Vietnam

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