Includes major US listed companies involved in the manufacture and sale of electric vehicles. With growing environmental concerns such as the impacts of climate change, many governments and consumers are prioritizing the use of clean energy and reducing carbon emissions. EVs rely on advanced technologies such as battery storage, charging infrastructure, and autonomous driving. Investing in EV stocks offers exposure to companies in these key technological and sustainable advancements, and helps investors benefit from potential growth opportunities. Many governments are offering incentives for the purchase of EVs, including tax credits and subsidies, to encourage the adoption of cleaner vehicles. This support can create a favorable environment for EV manufacturers and suppliers, potentially leading to higher profits and improved stock market performance.
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Express News | In overnight trading, automakers' shares fall following President Trump's announcement of a 25% tariff on all autos not made in the U.S., despite a one-month tariff exemption for auto parts imports. GameStop shares down 7%.
Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.
① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.
Tariffs hit the US stock market again, with the Nasdaq down 2%, NVIDIA down nearly 6%, and Tesla down over 5%. The Chinese concept Index rebounded strongly, while New Copper continued to reach new highs.
The three major US stock indexes fell for the first time in four days, with Technology stocks leading the decline. The chip index dropped over 3%; Super Micro Computer fell nearly 9%. The China concept index ended six consecutive declines. The Autos Sector fell over 2%, leading the decline in European stocks. The yield on the ten-year US Treasury bond rebounded, nearing a four-week high. Following the announcement of auto tariffs, the USD hit a three-week high. Bitcoin briefly fell over 2000 dollars. Crude Oil Product reached a new high this month, with Brent Oil rising for five consecutive days. Gold has retreated.
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