Sharemarkets slumped overnight in a session of intense volatility. The Hong Kong market fell 13% led down by EV makers BYD, Xiaomi and Geely, while Alibaba dropped 18%. The US is threatening China with an additional 50% tariff unless it rescinds its retaliatory tariffs. All while the US continues to negotiate with other countries, a process that could take until June. The ASX is up more than 1% today
Securities mentioned Nvidia, Tesla, Tencent, Alibaba, Xiaomi, Meituan, Apple
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