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Luda Technology Group Closes Over-Allotment Option, Boosting IPO Proceeds
Express News | Luda Technology Group Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection With Its Initial Public Offering
Luda Technology Group Limited Announces Closing of the Underwriter's Over-Allotment Option in Connection With Its Initial Public Offering
The USA has excluded Steel, Aluminum, and Gold from reciprocal tariffs to alleviate cost pressure on domestic companies.
The White House stated that Steel and Aluminum imported products will not be affected by reciprocal tariffs, which will provide some buffer for domestic buyers in the USA.
Trump announced the implementation of "reciprocal tariff" measures, and several trade partners stated they would take countermeasures.
On April 2, the president of the USA, Trump, signed two executive orders announcing a 10% "minimum benchmark tariff" on all trade partners and imposed higher tariffs on several trade partners; The benchmark tariff rate will take effect at midnight on April 5, and reciprocal tariffs will take effect at midnight on April 9; Several trade partners have stated that they will take countermeasures, and the EU and Canada have already formulated counter plans.
U.S. stock market movements | Luoda Technology fell by 23.47%, making it the largest loser among Chinese concept stocks.
On April 1, Glonghui reported that the top five Chinese concept stocks by closing decline are: Luda Technology down 23.47%, AGM Group down 20.61%, Bon Natural Life down 19.4%, Connect Biopharma down 19.12%, and Linkage Technology Holdings down 18.8%. (Glonghui)