HK Stock Market Move | Trump tariffs turmoil re-emerges, TECHTRONIC IND (00669) drops more than 3%, SHENZHOU INTL (02313) falls nearly 2%

Export stocks are generally soft. As of the time of publication, TECHTRONIC IND (00669) fell by 3.64% to 91.3 Hong Kong dollars; HAIER SMARTHOME (06690) fell by 3.38% to 24.56 Hong Kong dollars; SHENZHOU INTL (02313) fell by 1.71% to 63.15 Hong Kong dollars; CHERVON (02285) fell by 1.04% to 20.84 Hong Kong dollars. On the news front, on October 10th, Trump stated on social media that the United States will impose an additional 100% tariff on Chinese goods starting from November 1st, and will implement export controls on key software. A Citigroup report pointed out that the duration of this policy is uncertain, but related stocks may experience fluctuations during this period. However, the degree of volatility this time should be lower than during the second quarter of 2025 when the US implemented retaliatory tariffs, as the new tariffs only apply to manufacturers directly exporting from China to the US. The report indicates that among Chinese exporters, Citigroup's stock preferences are TECHTRONIC IND > SHENZHOU INTL > CHERVON, considering the Fed's rate cuts and their low percentage of Chinese imports in US sales.