China's BYD Slashes EV Price, China-European Union Trade Officials to Meet
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China's BYD Slashes EV Price, China-European Union Trade Officials to Meet
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About this listen
BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 34% late last week. We got reaction from Bloomberg's Asia Transport Reporter Danny Lee.
Top trade officials from the European Union and China are planning to meet again early next month, another sign that both sides are stepping up engagements as they try to push back against tariff pressure from Donald Trump. News of the sit-down comes as President Trump agreed to extend the deadline for the EU to face 50% tariffs until July 9, following a phone call with Commission President Ursula von der Leyen. We have more from Bloomberg's China Correspondent Minmin Low.
Plus - Asian shares fluctuated as investors awaited fresh trade news, with the dollar edging down and the yen rising after the Bank of Japan Governor's comments. For more, we caught up with Joohee An, the CIO of Mirae Asset Global Investments.
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