Asia Markets Grapple with China’s Export Curbs, Geopolitical Tensions, and Tech Volatility
Key TakeawaysChina is tightening its grip on critical supply chains, imposing fresh export curbs on battery manufacturing technologies and rare-earth materials, impacting global EV producers like Tesla (TSLA).Hong Kong's offshore RMB overnight HIBOR surged by 107 basis points to 2.45182%, marking its highest level since April 7, indicating tightening liquidity in the offshore yuan market.Baidu (BIDU) shares dropped over 4% in recent trading, contributing to a broader decline in Chinese ADRs amidst mixed mar ...