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المشهد العربي
Kattel stock sinks to two-year low
The stock of Chinese company Contemporaries Ambriex Technology, the world's largest battery manufacturer, saw a sharp decline of 5.5% during Wednesday's trading session on the Shenzhen Stock Exchange, marking the steepest two-day loss in nearly a year. Its total losses exceeded 10%, and the company lost more than $100 billion in market value due to investors' concerns about a potential reduction in production in September and a decline in expected net profits for the third quarter. Additionally, increased competition in the market and diversification of supply chains for automakers contributed to the decline.
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