Futu News reported on April 10 that last night Trump unexpectedly "reversed his stance" and announced the authorization of a 90-day tariff suspension for countries that do not take retaliatory actions. Today, the three major indexes of Hong Kong stocks opened higher collectively, as of the time of writing, $Hang Seng Index (800000.HK)$rising by 4.45%, $Hang Seng TECH Index (800700.HK)$and rising by 5.98%.
In terms of sectors, Apple Supplier stocks, which are most affected by the tariffs, rebounded collectively, $COWELL (01415.HK)$ with a surge of over 15%, $AAC TECH (02018.HK)$ Increased by more than 12%, $SUNNY OPTICAL (02382.HK)$ Increased by more than 10%, $BYD ELECTRONIC (00285.HK)$ Increased by more than 9%.
Equally significantly affected, Hong Kong stocks in the Biomedical Sector rebounded across the board, among the WUXI APPTEC group. $WUXI XDC (02268.HK)$ A surge of over 13%, $WUXI BIO (02269.HK)$ 、 $WUXI APPTEC (02359.HK)$ A rise of over 6%, other stocks $INNOCARE (09969.HK)$ up nearly 7%, $SKB BIO-B (06990.HK)$ Rising over 7%.
Star Network Technology stocks are strong, $JD HEALTH (06618.HK)$ rising over 8%, $XIAOMI-W (01810.HK)$ and then rising another 7%, $ALI HEALTH (00241.HK)$ 、 $KUAISHOU-W (01024.HK)$ Increased by 7%.
Golden Industrial Concept continues to be strong, today's early trading sees spot Gold once again challenging the $3100 mark, Hong Kong stocks. $ZIJIN MINING (02899.HK)$ 、 $CHINAGOLDINTL (02099.HK)$ Increased by over 5%, $JUTAL OIL SER (03303.HK)$ Increased by nearly 5%.
In terms of individual stocks, $TCL ELECTRONICS (01070.HK)$ A rebound of over 31% is benefited from the delayed tariffs and the recent introduction of the incentive share grant plan with performance fulfillment conditions for 2025.
$CHINAHONGQIAO (01378.HK)$ Increased nearly 6%, the company announced it will continue further repurchases, involving no more than 2 billion yuan.
$PRADA (01913.HK)$ Increased by over 6%, the acquisition results of Versace will be announced this morning, and it is rumored that negotiations may face the risk of breaking down.
Editor/Rocky
