# Sumitomo Mitsui

Li Auto Defies Wall Street Slump as $1 Billion Buyback Signals Confidence Amid Global Volatility

Major US indices opened lower on Tuesday as geopolitical uncertainty and volatile oil prices weighed on investor sentiment. However, Chinese EV maker Li Auto bucked the trend, rising 2% on the back of a $1 billion share repurchase plan, signaling a shift toward protecting shareholder value amidst a broader market correction.