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Asia will get the rough end of the Trump trade
Lex专栏:亚洲将遭遇“特朗普交易”的冲击

The process of pricing in rising protectionism in the auto sector has barely begun
汽车行业保护主义抬头的定价过程才刚刚开始。

US markets met president-elect Donald Trump’s victory with jubilation. In Asia, the mood is less celebratory. Asian stock markets were untroubled on Thursday but some blue-chip stocks have tumbled: the Trump trade has become synonymous with selling out of sectors related to cars, especially electric vehicles and batteries. Investor concerns there are not overdone.

美国市场对当选总统唐纳德•特朗普的胜利欢欣鼓舞。在亚洲,庆祝的气氛却不那么热烈。亚洲股市周四没有受到影响,但一些蓝筹股出现暴跌:特朗普交易已成为汽车相关行业,尤其是电动汽车和电池行业抛售的代名词。投资者的担忧并不过分。

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