Chinese tech stocks surged on Monday morning amid growing optimism surrounding the upcoming U.S.–China trade negotiations in London. The gains were driven by investor expectations of potential tariff reductions, relaxed export controls, and signals of renewed economic cooperation between the world’s two largest economies.
China has issued temporary rare earth export licenses to suppliers working with major U.S. automakers, including General Motors $GM, Ford $F, and Stellantis, providing short-term relief as the electric vehicle (EV) industry navigates continued uncertainty in global supply chains.
Circle Internet Group Inc. $CRCL, the issuer behind the USDC stablecoin, made an electrifying debut on the New York Stock Exchange. Its shares opened at $69, significantly above the IPO price of $31, and soared to an intraday peak of $85—resulting in a 174% gain on the first trading day. The event places Circle among the most successful crypto-related IPOs in recent years.
Delta Air Lines $DAL has issued a warning about aircraft import tariffs potentially imposed by the U.S. government, raising concerns over their impact on aircraft deliveries and broader airline operations. These proposed tariffs target imported planes and components, including models manufactured by Airbus in Canada, Germany, and France.
U.S. stock index futures posted modest gains during Asian trading on Friday, following a volatile Thursday session marked by a sharp sell-off in Tesla $TSLA shares. The recovery comes amid reports that the White House intervened to ease tensions between former President Donald Trump and Tesla CEO Elon Musk.
Rivian $RIVN is rapidly emerging as a significant force in the autonomous driving technology landscape, with Morgan Stanley spotlighting the EV company’s integrated AI-powered driving systems. Analysts at the bank suggest that Rivian’s self-driving platform could become a strategic asset for legacy automakers seeking to stay relevant in the evolving EV autonomy race.
In a major shift in trade policy, the United States has officially doubled tariffs on imported steel and aluminum, raising rates from 25% to 50%. Spearheaded by former President Donald Trump, this decision is aimed at safeguarding U.S. manufacturing and addressing foreign dumping practices, citing national security as justification.
Prada $1913.HK has taken a major step toward reinforcing its production autonomy by acquiring a 10% stake in renowned Italian leather supplier Rino Mastrotto. This strategic investment aligns with Prada’s broader goal of vertical integration — giving the brand greater control over the quality, sourcing, and consistency of its premium leather materials.
On Tuesday, gold futures prices fell during the U.S. trading session on the New York Mercantile Exchange’s COMEX division. August delivery contracts dropped to $3,377.05 per troy ounce, reflecting a decline of 0.59% from the previous close. This downturn highlights the ongoing pressure on the precious metals market, primarily driven by the strengthening U.S. dollar.
Shares of Chinese EV maker Xpeng Inc. $9868.HK jumped nearly 3% during Wednesday trading in Hong Kong, hitting HK$80.45 intraday before settling at HK$79.10 — outperforming the Hang Seng Index, which rose just 0.8%. The spike follows the announcement of a new Xpeng Huawei partnership, signaling a renewed technological offensive in China’s dynamic electric vehicle market.
On June 3, 2025, Nvidia’s stock price jumped nearly 3%, closing at $141.4 and propelling the chipmaker to a market capitalization of $3.45 trillion. This impressive milestone made Nvidia the most valuable tech company globally, narrowly surpassing Microsoft’s $3.44 trillion valuation.
According to preliminary data from the China Passenger Car Association (CPCA), Tesla $TSLA delivered 61,662 vehicles in China in May 2025, marking a 15% year-on-year decline. However, compared to April 2025, deliveries increased by 5.5%, hinting at a short-term recovery in consumer demand.
