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Thursday, April 10
Investing
Asian equities experienced another deep drawdown, except for Hong Kong, Mainland China, and Thailand, as the Philippines missed the fun due to “Araw ng Kagitingan,” which celebrates the heroism of Filipino and American soldiers in World War II.
Airline stocks tend to be highly sensitive to the business cycles, as evidenced by the U.S. Global Jets ETF (JETS) having already corrected 20% from the January high.
Europe’s auto exports to the U.S. could fall by just over 20% or 200,000 vehicles in 2025 if the new 25% tariff lasts for the whole year, consultancy Inovev said.
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