On the morning of April 14,$HKEX (00388.HK)$the stock rose over 7%, with a price of 334.6 HKD and a trading volume exceeding 3 billion HKD.

JPMorgan previously released a Research Report stating that the Target Price for HKEX has been lowered from 380 HKD to 340 HKD. The bank believes that the recent decline in stock prices has fully reflected these tariff risk factors, maintaining a 'Shareholding' rating. The bank indicated that HKEX is expected to be driven by beta and trading volume, considering the growth risks in China and the rise in tariffs.

SWHY pointed out that the USA's imposition of "reciprocal tariffs" on China has led to a significant correction in Hong Kong stocks; inflow of southbound funds & policy support are expected to provide support for Hong Kong stocks. In the medium to long term, considering that more than 80% of the market cap in the Hong Kong stock market is constituted by Chinese mainland enterprises, the trend of the Hong Kong stock market will still primarily depend on the recovery process of the domestic economic fundamentals in China. Currently, the continuous strengthening of policies drives the improvement of the Chinese economy, and as the market gradually digests the short-term impacts brought by the tariff policies, combined with the continuous strengthening of domestic economic endogenous dynamics, the Hong Kong stock market is expected to usher in a more stable long-term development pattern. Recommendations include HKEX and others.

Editor/rice