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Hong Kong stock market anomaly | autos industry chain across the board slump, Trump reiterates imposition of tariffs on Mexican autos, EU electric autos anti-subsidy case still under negotiation.
The automotive industry chain plummeted across the board, as of the time of publication, Nexteer (01316) fell 11.38%, to HKD 2.96; Xpeng Auto-W (09868) fell 8.5%, to HKD 46.3; Great Wall Motor (02333) fell 4.39%, to HKD 14.82; Meidong Auto (01268) fell 9.43%, to HKD 2.4.
Nexteer Automotive Upgraded to Overweight From Neutral at JPMorgan
There's Reason For Concern Over Nexteer Automotive Group Limited's (HKG:1316) Massive 30% Price Jump
Capital Allocation Trends At Nexteer Automotive Group (HKG:1316) Aren't Ideal
Hong Kong stocks are on the move | Auto parts stocks continue to rise recently, and the development of high-end intelligent driving and humanoid robot industry chains is accelerating, benefiting automotive companies and suppliers.
Auto parts stocks continued their recent upward trend. As of the time of writing, nexteer (01316) rose by 5.18%, to HK$2.64; minth group (00425) rose by 4.72%, to HK$14.64; wuling motors (00305) rose by 2.82%, to HK$0.365; zhejiang shibao (01057) rose by 0.48%, to HK$2.08.
Haitong sec: Promote the prosperity of the automobile industry by implementing AI-driven autonomous driving through the trade-in program.
In the first half of 2024, the large cap valuation is hovering around the median. In this context, the valuation of the auto sector as a whole is performing poorly, but there is still differentiation. After a median fluctuation in the dealers sector, there was a clear upward trend in Q2, while the other sectors all showed median fluctuations.
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28282828 : Ya this was in the Strait Times this morning. Nio is taking the longest to pay the bills
71229336Bedbugguy 28282828 : Nio and tlry to join forces to replace management team
72734102 : China cars aren’t selling in EU! Tesla Leads as always!