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Quick view of the Hong Kong market | All three major indexes fell, with the tech index dropping over 1%; tech stocks and Insurance stocks weakened, Bilibili fell more than 5%; FOSUN TOURISM resumed trading and rose by 80%.
Network Technology stocks fell broadly, JD-SW fell by 2.80%, MEITUAN-W fell by 2.79%; Digital Health stocks declined, ZA ONLINE fell by 1.85%, MediChina fell by 1.41%; Real Estate Developers' stocks also fell, SUNAC rose by 5.36%, SHK PPT fell by 2.55%;
Hong Kong stock movement | TECHTRONIC IND (00669) dropped over 4% in the afternoon, facing trade uncertainties in the Industry. The company has already increased its supply chain resilience.
TECHTRONIC IND (00669) fell more than 4% in the afternoon. As of the time of this report, it decreased by 3.71%, trading at 109 Hong Kong dollars with a transaction volume of 0.228 billion Hong Kong dollars.
Goldman Sachs has listed a buy list for Hong Kong stocks based on a reassessment of earnings leading indicators (ERLI) in the report.
Goldman Sachs released its strategy report for the Asia-Pacific region at the beginning of this month, listing the latest buy stocks (only Hong Kong stocks) according to the earnings revision leading indicator (ERLI) criteria: AIA (01299.HK), CCB (00939.HK), HKEX (00388.HK), Ping An Insurance (02318.HK), Techtronic Industries (00669.HK), China Life (02628.HK), ckh holdings (00001.HK), BOC Hong Kong (02388.HK), and ZTO Express (02057).
Techtronic Industries Insiders Sold US$85m Of Shares Suggesting Hesitancy
A piece of news triggered a sharp fluctuation in techtronic ind's stock price, which once plummeted over 7%.
① How does techtronic ind respond to potential tariff risks? ② What is the institutions' view on techtronic ind's situation under the influence of trade tariffs?
Hong Kong stocks fluctuated, as Trump plans to impose a 10% tariff on commodities from China, leading to a drop of over 7% in techtronic ind.
On November 26, Glonghui reported that Trump will impose a 10% tariff on chinese commodities, causing the stock prices of export-oriented companies in the Hong Kong stock market to decline. Among them, techtronic ind (0669.HK) once fell more than 7%, and shenzhou international group holdings limited unsponsored adr (2313.HK) dropped nearly 4%. On the news front, the elected president of the usa, Trump, posted on TRUTH SOCIAL, stating that the usa will impose more tariffs on major trading partners. Trump indicated that a 10% tariff will be imposed on chinese commodities and a 25% tariff on all commodities from Mexico and Canada. (Glonghui)
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