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A top Chinese official, Xia Baolong, condemned the U.S. tariff war as "extremely shameless" and an attempt to harm Hong Kong. His remarks followed China's increased levies on U.S. goods in response to U.S. tariffs. Despite U.S. tariffs on China applying to Hong Kong, the city does not plan retaliatory measures, maintaining its status as a free trade hub.
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The Trump administration's trade policy shakeup has caused global economic turmoil.
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HDFC Defence Fund, India's only defence sector-focused fund, strategically increased its holdings in BEML and Solar Industries in March. It also introduced Centum Electronics to its portfolio, adding 2.58 lakh shares. While maintaining exposure in 19 stocks, the fund's asset allocation heavily favors capital goods at 66.76%, followed by chemicals at 15.29%.
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News and Media
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