EV Delivery Boost Lifts BYD, Xiaomi as Asia Markets See Tech Rout
TL;DR Summary
Hong Kong-listed EV makers BYD and Xiaomi rose after June delivery figures, while a broad tech selloff dragged Asia’s chipmakers and pushed indices like South Korea’s Kospi lower. Oil prices slipped as Middle East tensions eased. Other headlines included Hanwha Ocean being named the preferred bidder for a South Korean destroyer program, rising inflation in Korea fueling rate‑hike expectations, and U.S. stock futures hovering near flat ahead of trading.
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