-- Chinese electric-vehicle stocks gained as analysts said the European Union’s preliminary announcement of tariff increases was in line with market expectations and manageable for companies with cost strength like BYD Co Ltd.BYD’s Hong Kong-listed shares added as much as 8.8%, the most since January 2023, more than making up a drop Wednesday before the decision. Peers Geely Automobile Holdings Ltd. and Zhejiang Leapmotor Technology Co. advanced more than 4%.
Given the latest tariffs target mostly BEVs, expect a higher influx of China-made plug-in hybrid EVs into Europe, which could bode well for brands like BYD, Lynk and Volvo The share prices of the relevant Chinese stocks could be weak despite most having very limited revenue or earnings exposure to EuropeWith a 27.4% EU tariff from July, BYD’s per unit EU profit could still be around 1.5 times higher than the same car sold in China, though less than previouslyThis 8.1% Dividend Stock Pays Cash Every Month
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
China EV Stocks Rise on Bets Tariffs Are Manageable: Street WrapChinese electric-vehicle stocks gained as analysts said the European Union’s preliminary announcement of tariff increases was in line with market expectations and manageable for companies with cost strength like BYD Co Ltd.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »
Stock market today: Stocks eke out gains as earlier rate-cut bets rise amid weak dataInvestors are weighing signs the surprising resilience in the US economy might be starting to show cracks.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »
Markets today: U.S. stocks rise as solid Treasury sale spurs CPI betsStocks joined bonds higher after a solid $39 billion Treasury sale triggered speculation that Wednesday’s inflation reading will help make the case for the Federal Reserve to cut rates this year.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »
Michael Burry Boosts Bets on China Big Tech as Stocks Rebound(Bloomberg) -- Michael Burry’s investment firm doubled down on its bets on JD.com Inc and Alibaba Group Holding Ltd. in the first quarter as Chinese equities...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »
Michael Burry Boosts Bets on China Big Tech as Stocks ReboundMichael Burry’s investment firm doubled down on its bets on JD.com Inc and Alibaba Group Holding Ltd. in the first quarter as Chinese equities bottomed out.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »
Asian Stocks to Rise After US Gains, China Support: Markets Wrap(Bloomberg) -- Asian stocks are set to climb in early trading after US equities notched a fresh record amid resilient corporate earnings and China took steps...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »