Chinese EV stocks surge after EU slaps up to 38% additional import tariffs
Publishing timestamp: 2024-06-13 03:20:02
Summary
EU announced higher tariffs on Chinese EVs, causing shares of Chinese EV makers to surge. BYD was the top gainer on the Hang Seng Index, jumping 8% initially. The tariffs are seen as modest compared to those imposed by the US. China has expressed concerns over the move, and analysts are watching for potential retaliation.
Sentiment: MIXED
Tickers: 1211-HK, .HSI, 104-SZ, 9866-HK, 175-HK, ZE594-CN, 2015-HK,
Keywords: breaking news: technology, geely automobile holdings ltd, saic motor corp ltd, autos, byd co ltd, li auto inc, hang seng index, business news, nio inc, technology,