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Chinese auto fears: TD Cowen says the stock drop is too harsh
With Trump and Xi set to meet, the bank says recent losses in auto shares linked to China worries have gone too far.
23 September 2026 1 min read 0 views
As Donald Trump and Xi Jinping prepare for their meeting, TD Cowen is urging caution on fears tied to automakers’ exposure to China. According to the analysts, the sector’s recent weakness reflects scenarios that are too pessimistic compared with the actual risks.
For Europe and Italy, the issue still matters: any fresh trade tensions could hurt the most global carmakers, but the latest stock sell-off is seen as excessive relative to underlying fundamentals.