FT News Briefing CATL’s IPO pops in Hong Kong
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May 21, 2025 Investors are shifting away from U.S. equities, contributing to a record surge in CATL's shares by 16% after its IPO in Hong Kong. The EU plans to impose a new tax on low-cost imports, which could impact major online retailers. Meanwhile, increasing international pressure is mounting on Israel regarding its military operations in Gaza, raising concerns about humanitarian aid. The complex geopolitical landscape is affecting global markets and investor sentiment amid rising tensions.
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Shift Away From U.S. Equities
- Investors are increasingly avoiding U.S. equities after Donald Trump's return to the presidency.
- This shift reflects concern that Trump's tariffs may harm the U.S. more than other markets.
CATL's Impactful Hong Kong Debut
- CATL is the world's largest electric vehicle battery maker and listed in Hong Kong.
- Its strong debut reflects renewed investor interest amid a rocky market and new Chinese company listings.
Diverse Investors Back CATL
- CATL's cornerstone investors include a variety of strategic and financial players like the Agnelli family investment unit and Oaktree.
- This diversity signals broad confidence in the company's future.