The investment mogul’s stake in the Chinese electric vehicle maker is effectively down more than 66%
 
							Among the biggest drags on Nikkei was Toyota Motor, which slid 2.6% amid continued fallout from a safety test certification scandal
 
							China has opened a probe into pork imported from Europe a week after the EU put extra tariffs on Chinese cars; meanwhile, production of cheap Chinese EVs has begun in Poland
 
							Western governments are offering incentives to Brazil to develop a rare earths supply chain. It has large reserves and its first rare earths mine started commercial production this year
 
							Factory output in May was flat, while the property sector continues to weigh on sentiment, despite strong exports and a rise in retail sales
Pro-trade business groups have appealed for a 30-day extension for the period allowed for public feedback and a hearing to be held on the proposed hikes; that could delay the date they are implemented
 
							Industry insiders say EU tariffs are unlikely to stop the expansion of Chinese EV exports, with carmakers likely to simply pass on higher costs to customers
 
							Premier Li Qiang said on Friday there is a growing demand in China for high-quality dairy, beef and lamb from New Zealand - it was a message for ears both near and far
 
							Dairy producers and pork exporters fear retaliatory tariffs from China after Wednesday's decision on anti-subsidy duties on Chinese EVs
 
							World stocks retreated from record highs as China signalled it would respond to the EU's tariffs on its electric vehicle makers
 
							The EC decision to hit Chinese EVs with extra tariffs is a move in the wrong direction, China said on Thursday, noting that EU states and carmakers oppose the move
 
							Europe's additional tariffs on imported EVs are expected to kick off talks with Beijing to avoid a major trade conflict, which could spread to other sectors