Today: 9 April 2026
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SHA:600104 19 September 2025 - 14 January 2026

EU Tariff Relief? BYD, Xpeng Shares Jump on Plan to Swap Chinese EV Duties for Minimum Prices

EU Tariff Relief? BYD, Xpeng Shares Jump on Plan to Swap Chinese EV Duties for Minimum Prices

Shares of BYD rose up to 4.8% in Hong Kong and Xpeng gained 5.3% after the European Commission signaled it may swap tariffs on China-made EVs for a minimum-price scheme. SAIC Motor climbed as much as 3.6% in Shanghai. The EU is negotiating with Beijing on alternatives to tariffs of up to 35.3% on battery electric vehicles.
BYD and Xpeng pop as EU hints at a minimum-price alternative to China EV tariffs

BYD and Xpeng pop as EU hints at a minimum-price alternative to China EV tariffs

Shares of Chinese EV makers surged Tuesday after the European Commission outlined a plan allowing exporters to swap EU tariffs for minimum price commitments. BYD rose up to 4.8% in Hong Kong, Xpeng gained 5.3%, and SAIC Motor climbed 3.6% in Shanghai. The Commission said any price deal must match the effect of tariffs and address subsidy concerns. Beijing welcomed the proposal, calling for dialogue.

Stock Market Today

  • NOW, TEAM, DUOL Stocks Fall to 52-Week Lows Amid AI Concerns and Sector Rotation
    April 9, 2026, 10:37 AM EDT. Shares of ServiceNow (NOW), Atlassian (TEAM), and Duolingo (DUOL) hit fresh multi-year lows on Wednesday amid fears that AI advancements could diminish demand for niche software. ServiceNow dropped 3.1% to $97.47, down about 60% from its April peak. Atlassian fell 2% to $63.62, revisiting lows last seen in 2018, while Duolingo slid 5.4% to $91.06, off 82% from its May 2023 high. The selloff occurred despite a broader market rally following a U.S.-Iran ceasefire agreement. Investors are rotating out of Software-as-a-Service (SaaS) stocks into defensive sectors like consumer staples and utilities. Analysts downgraded price targets for ServiceNow and Duolingo, citing weak earnings and strategic concerns. Retail sentiment on Stocktwits shows increased bullishness for NOW and TEAM, but DUOL remains bearish.

Latest article

Grab Holdings Bets on AI as Group Ride Tool Targets 40% Lower Fares

Grab Holdings Bets on AI as Group Ride Tool Targets 40% Lower Fares

9 April 2026
Grab Holdings launched 13 new AI-powered products in Jakarta, including a “Group Ride” feature that can cut fares by up to 40% for shared routes. CEO Anthony Tan said the tools aim to offset rising fuel costs and support demand as households tighten spending. The company’s 2026 revenue and profit forecasts remain below analyst expectations. Grab’s $600 million deal to buy Foodpanda Taiwan is pending regulatory approval.
Nokia Oyj AI Data Center Push Gets Lift From Fifth Straight GigaOm Leader Ranking

Nokia Oyj AI Data Center Push Gets Lift From Fifth Straight GigaOm Leader Ranking

9 April 2026
Nokia was named a Leader and Outperformer in GigaOm’s 2026 Radar for data center switching for the fifth year in a row, competing with Cisco, Arista, and HPE Juniper. Shares fell 1.05% in Helsinki ahead of Thursday’s annual meeting, where board changes and a dividend of up to 14 euro cents per share will be considered.
American Airlines Faces FAA Fine Over Drug-Testing Lapses in New Test for 2026 Turnaround

American Airlines Faces FAA Fine Over Drug-Testing Lapses in New Test for 2026 Turnaround

9 April 2026
The FAA proposed a $255,000 civil penalty against American Airlines, alleging the carrier allowed 12 flight attendants who tested positive for drugs or alcohol to return to safety-sensitive duties before completing required follow-up tests. The alleged violations occurred from May 2019 to December 2023. American has 30 days to respond. The airline said it is reviewing the notice.
Hologic goes private: Blackstone, TPG close buyout and name José Almeida CEO

Hologic goes private: Blackstone, TPG close buyout and name José Almeida CEO

9 April 2026
Blackstone and TPG closed their $17.3 billion acquisition of Hologic on April 7, with José Almeida replacing Steve MacMillan as CEO. Hologic shares were suspended before trading that day and will be removed from the S&P 500 before Thursday’s open. Former shareholders will receive $76 per share in cash plus a contingent value right worth up to $3 more if revenue targets are met.
When Will Gas Prices Fall? Iran Ceasefire May Not Bring Quick Relief as Oil Rebounds

When Will Gas Prices Fall? Iran Ceasefire May Not Bring Quick Relief as Oil Rebounds

9 April 2026
Brent crude rebounded 3% Thursday despite a U.S.-Iran ceasefire, with the Strait of Hormuz still nearly shut and only one oil-products tanker passing in 24 hours. U.S. gasoline averaged $4.166 a gallon on April 9, and AAA said prices could drop slowly. North Sea Forties crude hit a record $146.43 a barrel. The U.S. EIA expects Hormuz flows may take months to recover.
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