The U.S. Treasury expands sanctions targeting Iran's UAV capabilities, steel industry, and automaker Bahman Group subsidiaries. Janet Yellen emphasizes strategic use of economic restrictions to counter destabilizing activities and support for terrorism. Market reactions show minimal impact on oil prices.
Investors eye opportunities as top Chinese stocks hit 52-week lows. NIO, XPeng, and Baidu show potential upside of 311.70%, 215.78%, and 66.17%, respectively
China index gains while other Asian markets fall. Europe indexes were trading higher at the open on Tuesday. Crude oil was trading at $84.50, while gold surpassed the $2,400 mark on inflation fears.
Honda Motor Co Ltd (NYSE: HM) has lagged its European, U.S. and even Chinese competitors in ramping up its EV efforts in attempt to join Tesla Inc (NASDAQ: TSLA) and BYD Company Limited (OTC: