BYD’s US$60 billion wipeout points to deeper turmoil for China EVs
The company shares now trade at around 15 times forward earnings estimates, below their three-year average of 18 A relentless sell-off in BYD shares is laying bare investor anxiety…
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Wipeout
Trillion-dollar tech wipeout ensnares all stocks in AI’s path
There have been many artificial intelligence (AI)-driven sell-offs in the three years since ChatGPT burst into the mainstream. Nothing, though, quite rivals the rout rippling…
‘Baby Shark’ creator’s 62% wipeout sinks stock below IPO price
The frenzy for the company behind the viral children’s hit Baby Shark has quickly cooled with shares dropping below their initial public offering (IPO) price just days after debut. Shares…
Bitcoin traders are still rattled after US$340 billion wipeout
BITCOIN is struggling to stage a meaningful recovery after last month’s stumble, with signs of fatigue continuing to mount across crypto markets. The token briefly topped US$107,000 on…
Bitcoin struggles to find momentum after historic wipeout
After a week-long rout that erased hundreds of billions in digital-asset value, Bitcoin has again failed to live up to its billing as a safe harbour asset. Once cast as a hedge against…
BYD’s US$45 billion stock wipeout raises doubts on China outlook
At the same time, rivals including Geely Automobile Holdings and Zhejiang Leapmotor Technology are gaining ground BYD faces pressure to restore investor confidence after a US$45 billion…
Stock market rebounds after Friday’s wipeout
U.S. stocks are rallying and recovering much of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder…