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The Swiss stock market opened sharply lower, mirroring declines in the US and Asian markets due to impending US tariffs on the automotive sector. Analysts express concerns over a potential global trade war, with all leading Swiss stocks declining except for Lindt, which saw a slight gain. The SMI fell 1.42% to 12,771.07 points, reflecting widespread bearish sentiment among investors.
Japan’s Nikkei share average rose 0.3% to 37,890.15, buoyed by investor optimism over U.S. President Trump's potential flexibility on tariffs. The broader Topix gained 0.2%, with semiconductor stocks like Tokyo Electron and SoftBank Group contributing to the gains. However, a stronger yen pressured Japanese automakers, while Nintendo surged 5%, becoming the top gainer on the index.
Ethereum has experienced a significant decline, currently down 57% from its all-time high. Despite this drop, its market value remains higher than that of Toyota, highlighting the cryptocurrency's enduring worth in the financial landscape.
Apple enhances AirPods Max with lossless audio and AI leadership changes, while Tesla faces regulatory hurdles in China and legal issues in the US. Ford is under investigation for gear shifts in F-150 trucks, and Bank of America appoints a new head for India. In Europe, SAP surpasses Novo Nordisk in market value, and Bayer's stock drops after a significant jury verdict. BYD reports a substantial profit increase, and Toyota delays its battery factory project while starting a recycling facility.
Tesla's stock has plummeted to $430, significantly below its target of $515, amid increasing competition and tariffs, leading to a ninth consecutive week of losses. Major banks, including JP Morgan and Wells Fargo, have downgraded their price targets, citing weak demand and stagnant sales across key markets like Europe and China. Analysts express concerns over Tesla's future, with some predicting continued challenges without new vehicle launches.
Honda Motor will source batteries for its hybrid vehicles from Toyota's U.S. plant, aiming to mitigate tariff risks from the Trump administration. Starting in fiscal 2025, Honda plans to acquire enough batteries for approximately 400,000 vehicles, covering all its hybrid sales in the U.S.
ComfortDelGro has launched its first robotaxi program in Guangzhou, China, in collaboration with Pony AI, marking a significant step in the commercial deployment of autonomous vehicle services. This two-year pilot aims to enhance AV technology operations and fleet management, supporting the company's strategy for large-scale deployment in China and beyond. With a planned investment of S$30 million over five years, ComfortDelGro is committed to advancing autonomous transport solutions to address global driver shortages and improve ride availability.
Lloyds Banking Group has appointed Magdalena Lis as head of responsible AI, responding to increasing demands for ethical AI practices. With over 15 years of experience, including roles advising the UK Government and leading analytics at Toyota Connected Europe, Lis will enhance products while ensuring necessary safeguards. This follows the appointment of Dr. Rohit Dhawan as director of AI and advanced analytics, overseeing a team dedicated to advancing AI in banking.
Elon Musk's Tesla faces challenges in its automotive division, with car sales growth stagnating and margins declining to a five-year low of 13.6%. Despite ambitious AI and robotics projections, the company struggles with inventory issues and production changes, leading to skepticism about its future growth targets. Investors remain divided between optimism for AI advancements and concerns over the core auto business's performance.
Elon Musk continues to make bold promises about Tesla's future, emphasizing advancements in self-driving technology and AI, while acknowledging past delays. Despite a slight revenue miss in Q4, he envisions Tesla becoming the most valuable company globally, driven by autonomous vehicles and humanoid robots. Meanwhile, Toyota remains the top automaker, largely due to its hybrid sales, while Jaguar Land Rover faces profit declines amid a shift towards electric vehicles.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
swiss stock market declines amid global trade war fears and us tariffs
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