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Auto stocks’ sell-off over China risks looks excessive, says TD Cowen
The bank believes the sector’s sharp drop is too deep as the U.S. and China talk trade and tariffs.
23 September 2026 1 min read 1 views
According to TD Cowen, the recent pressure on auto shares has gone too far. Fears that exposure to China could hurt carmakers’ earnings appear to have triggered an overly aggressive sell-off.
The view comes as Donald Trump and Xi Jinping meet, with investors focused on any signs around trade and tariffs. For the market, even a small thaw between Washington and Beijing could ease some of the concern that has weighed on the sector.