0313 GMT - President Trump's recent proposed tariffs on China could become a headline risk and create volatility for the Chinese market, says Kai Wang, Morningstar's Asia equity market strategist in a note. Although the tariffs may worsen current macroeconomic headwinds in China, Morningstar thinks there will be direct impact to revenue for only selected industries in its Chinese coverage. The most affected industries are likely home appliances, home furnishings, lithium batteries and electric vehicles, the strategist writes. Companies including BYD and Contemporary Amperex Technology, which have sizable exposure to U.S. revenue, are among those that could be affected by potential tariff headwinds, the strategist says.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 22:13 ET (03:13 GMT)
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