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Trump's tariffs are fluctuating unpredictably, the decline in US stocks is easing, Tesla has rebounded nearly 4%, Chinese concept stocks are booming, and NIO has surged 17%, while the Canadian dollar has a rollercoaster ride.
The three major U.S. stock indices all closed at six-month lows; NVIDIA rose by 1.7%, while Apple fell nearly 3%; United States Steel increased by over 5%, and Aluminum rose by more than 3%; XPeng Motors climbed nearly 15%, and Alibaba rose by almost 5%. The yield on two-year U.S. Treasuries rebounded by over 10 basis points during the session. After Trump threatened to impose tariffs on Canada, the Canadian dollar plunged to a one-week low, then turned to rise; the euro reached a nearly five-month high; Bitcoin rebounded by over $6,000 during the session.
US stock market closing: the three major Indexes all fell while Chinese concept stocks rose significantly, with Hesai Technology soaring over 50%.
① All three major Indexes closed lower, with the Dow falling more than 1%; ② Hesai Technology surged over 50%, reportedly supplying Lidar Sensors to Mercedes; ③ China Concept Stocks generally rose, with the Nasdaq Golden Dragon China Index increasing by nearly 3%.
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