HK Stock Market Move | TECHTRONIC IND (00669) rose by more than 5% during trading, Citigroup believes that the tariff ruling is good for Chinese exporters, JP Morgan is optimistic about the electric tool industry returning to growth.

TECHTRONIC IND(00669) rose more than 5% during trading hours, and at the time of writing, it was up 3.84% to HK$124.3, with a turnover of HK$9.12 billion. On the news front, the US Supreme Court announced that the implementation of multiple tariffs by the Trump administration is invalid. Subsequently, Trump will raise global tariffs to 15% for 150 days. Citigroup believes that this ruling is generally good news for most Chinese exporters, as their US customers will now have to pay higher equivalent tariffs, and not an additional 15% tariff imposed under section 122, so companies with higher sales in the US should benefit more. The bank is more optimistic about TECHTRONIC IND. JP Morgan previously released a research report stating that the power tool industry is re-entering a growth trajectory, driven by factors such as normalization of supply chain and inventory adjustments, a more favorable interest rate cycle, and company-specific catalysts. For TECHTRONIC IND, the bank expects growth in Milwaukee brand revenue to accelerate as the overall market size expands rapidly. In addition, following the exit of the HART brand from Walmart, the company will refocus on consumer business, especially the Ryobi brand at Home Depot.