US Stock Market Move | New energy vehicle stocks continue to decline, with XPeng, Inc. ADR Sponsored Class A (XPEV.US) falling more than 7%.

04/04/2025

GMT Eight

On Friday, Chinese electric vehicle stocks continued to decline, with XPeng, Inc. ADR Sponsored Class A (XPEV.US) falling over 7% and Li Auto, Inc. Sponsored ADR Class A (LI.US) falling over 6%. On the news front, the measures announced by US President Trump to impose a 25% tariff on imported cars officially took effect on April 3. According to Trump's plan announced last week, some car parts will also be subject to the same tariff rate no later than May 3. Bank of America analysts said that the Trump administration's general tariff on the automotive industry could lead to a decrease in demand for cars by millions of units.

US Stock Market Move | The tariff turmoil continues to ferment, technology stocks continue to decline, and Apple Inc. (AAPL.US) fell nearly 4%.

US Stock Market Move | Bank stocks collectively fell, with Citigroup (C.US) dropping nearly 8%.

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US Stock Market Move | New energy vehicle stocks continue to decline, with XPeng, Inc. ADR Sponsored Class A (XPEV.US) falling more than 7%.

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