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LZ Technology Shares Halted On Circuit Breaker To The Downside, Stock Now Down -26.3%
Progress Software Posts Upbeat Results, Joins Microvast, PVH And Other Big Stocks Moving Higher On Tuesday
U.S. stocks movement | LZMH Technology Holdings (LZMH.US) fell over 9.8%, with a total market value dropping to nearly 1.1 billion dollars.
As of the time of publication, the stock has fallen more than 9.8%, priced at $7.67.
As Trump's tariff measures are about to take effect, Citigroup states: "Growth is defense," suggesting attention be given to U.S. growth stocks.
As the tariff shock wave of "April 2nd" approaches, Citi advises investors to focus on growth stocks. In a Research Report released on March 28th, Citi stated that the investment outlook for the second quarter of 2025 is shifting from balanced to "growth-oriented." In the face of the macroeconomic risk of a "trough" and the uncertainty of Trump's tariff policy, Citi believes that "growth is defense." The report further notes to focus on growth sectors that are under pressure on valuation in Q1 but have solid fundamentals, while remaining alert to the shocks that tariffs may bring, especially in cyclical and defensive sectors. Among the growth sectors, the report highlights information technology (Semiconductors and semiconductor equipment).
U.S. stocks update | Lixiang Education fell by 26.8%, making it the biggest decline among Chinese concept stocks.
On March 28, according to Gelonghui, the top five Chinese concept stocks that closed with declines were: Lixiang Education down 26.8%, Zhengye Biological down 23.08%, Skymen CECEP Solar Energy Group down 22.98%, Lianzhang Technology Holdings down 18.22%, and Huhu Technology down 16.4%. (Gelonghui)
U.S. Small Caps Decrease; LZ Technology Holdings Posts Biggest Loss