BYD's sharp decline dragged down the new energy sector; Meituan's financial results to be released tonight | Today's important news recap

0526 | Dolphin Research Key Focus:

🐬 Macro/Industry

1、Just two days after threatening to impose 50% tariffs on the EU, Trump changed his stance: After a phone call with European Commission President Ursula von der Leyen, he announced that the deadline for the EU to face 50% tariffs would be extended to July 9. This will buy additional time for negotiations, leading to a rise in U.S. stock futures and slight early pressure on gold.

2、On Monday, May 26, the U.S. market will be closed for Memorial Day, with no night trading, while the Hong Kong market will operate as usual.

🐬 Stocks

1、$BYD COMPANY(01211.HK) $BYD(002594.SZ)

Last weekend, BYD continued to increase promotions for its models, including significant price cuts for its intelligent driving versions. Under inventory and competitive market pressures, another price war has erupted. Today, BYD's Hong Kong-listed shares closed down over 8%, dragging down the entire new energy vehicle sector. For an analysis of why BYD has reignited the price war, Dolphin Research has published an article on the Longbridge App titled BYD: Bloodbath in New Energy Sector, the 'Price Butcher' Strikes Again!.

2、Meituan will release its financial report tonight, and Dolphin Research will provide timely analysis.

🐬 Top Gainers

Mainland China: Data processing and outsourcing services, tobacco, commercial printing;

Hong Kong: Silver, insurance brokerage, oil and gas refining and sales;

U.S.: Coal and consumable fuels, marine port operators, copper.

🐬 Tomorrow's Focus

1、Xiaomi, Pinduoduo, and Kuaishou will release their financial reports.

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