Over one and a half years, the attention of investors around the world has been focused on the confrontation of the two largest economies in the world. The aggravation of trade relations between the United States and China was one of the main reasons for the correction of world markets and the general risk aversion. The shifts and changes triggered by this conflict require more considerable attention since they bring about fundamental transformations of the landscape of international relations and the practice of economic interaction not only in relation to the parties to the conflict but also for the whole world, this conflict is not just a confrontation between the two strongest economies of the world, but also a turning point for updating the configuration of the world order. This article aims to analyze the reactions of US and Chinese stock exchanges in connection with the unfolding of a trade conflict between the two countries and assess the level of adaptability of two economies to external challenges. The methodology of this study bases on the fundamentals of the general economic theory and the general theory of conflict resolution - the research bases on the comparative method. The significant elements composing the scholars' analysis of political reality underlying the conflict is presented as well as stock exchanges’ dynamic through the development of the confrontation. The main conclusion of this study was that this conflict is not just a confrontation between the two strongest economies of the world, but also a turning point for updating the configuration of the world order.

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Features of modern world development are associated with a changing role of developing countries in the competition for foreign direct investment. This article shows that the transformation of China's domestic policy and its transformation into a new regional leader in Asia has led to a change in the position of Vietnam, Malaysia, and Indonesia as recipients of foreign direct investment. Characteristics of China's economic development in recent years, namely the high growth rate of urbanization, "building a middle-class society" and the elimination of rural poverty, fundamental changes in environmental policy at the state level, the introduction of universal modernization of production, and so on -all this has led to an increase in cost placement of value chains in China. The purpose of this article is to show how Vietnam, Indonesia, and Malaysia has become the leading recipients of foreign direct investment in Southeast Asia. The research methodology is based on the principles of system analysis and an interdisciplinary system approach. To achieve this goal, the study used empirical methods (collection, study, and comparison of data), methods of comparative analysis and generalization of statistical data, principles of formal logic. As the result of the research, following the successful example of China in adapting conditions for foreign direct investment, Vietnam and, to a lesser extent, Malaysia are ahead of most other Asian countries because it has always adhered to an export-oriented growth strategy, but Indonesia was not able to respond in a timely manner to the changing economic landscape.