Unitree Robotics' Stock Surges on Debut Amid Trump's Tariff Pause and Global Yield Pressures
Humanoid robot maker Unitree saw its shares surge nearly 500% during their debut in Shanghai, raising approximately $905 million. The IPO was heavily oversubscribed and attracted investment from AI firm DeepSeek and Tencent. Meanwhile, U.S. President Donald Trump announced a pause on planned 50% tariffs against Canadian imports following what he described as a "deal" with Ottawa. Global long-term bond yields remain near multi-decade highs, dampening stock market gains across Asia-Pacific and Europe ahead of the New York session. Analysts point to ongoing geopolitical tensions in Iran stoking inflation concerns and keeping upward pressure on oil prices. The Federal Reserve will release minutes from its July meeting later today. In earnings news, U.S. retailers including Target, Lowe's, and TJX are set to report results as the quarterly reporting season winds down.
Tickers: $700
Topics: AI investment IPO robotics tariffs