Here's your summary from Asian Stocks Defy Nvidia Slump | Bloomberg: The Asia Trade 06/21/2024 (https://www.youtube.com/watch?v=dF44G9gTRVw) on the Bloomberg Television channel:

### TLDR:

Stocks are losing traction due to a $430 billion plunge in Nvidia's value, with Beijing offering tariff relief for luxury German cars in exchange for dropping EU levies on Chinese EVs.

### Key Points:

1. $430 billion plunge in Nvidia's value causing concern and potential profit-taking.

2. Beijing offering tariff relief for German carmakers to convince EU to drop levies on Chinese EVs.

3. Market uncertainty and potential rebalancing in tech sector following Nvidia's decline.

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