HK Stock Market Move | NEXTEER (01316) fell over 6% again. Trump confirmed the imposition of tariffs on Canada and Mexico on the 4th. The company's Mexican factories may be affected.

NEXTEER (01316) fell by more than 6%, dropping by 6.11% to 4.92 Hong Kong dollars, with a turnover of 45.5381 million Hong Kong dollars as of press time. On the news front, Trump announced that the 25% tariffs on goods from Mexico and Canada will take effect on March 4th. China International Bank recently pointed out that the profit release of NEXTEER's line control products still needs time. In addition, about 40% to 45% of NEXTEER's revenue in North America comes from Mexican factories, which will be affected by Trump's tariff increase. Earlier, JPMorgan released a research report stating that the launch of BYD Company Limited's "Eye of God" system may mean that the Chinese auto market will adopt "L2+" advanced autonomous driving functions more quickly, but the bank did not see direct benefits for line control steering applications. JPMorgan downgraded NEXTEER H shares from "Neutral" to "Neutral" and indicated that the stock's valuation has become reasonable after a sharp increase in stock price. Therefore, the bank maintains its performance and earnings forecasts for the company unchanged, with a target price of 5.5 Hong Kong dollars unchanged.