US President Donald Trump announced a series of reciprocal tariff measures last week. The market is worried that Apple (AAPL.US) will face multiple challenges in the supply chain and product pricing, etc..

Hong Kong-listed Apple concept stocks were sold off today. BofA Securities even said that Apple has no place to hide with reciprocal tariffs, and cut its target price on Apple to US$250.

AAC TECH (02018.HK) opened 12.94% lower, and bottomed at $28.3. The stock last printed at $34.65, nosediving 16.2%, with 12.451 million shares traded, involving $397 million. Q TECH (01478.HK) opened 14.94% lower, and bottomed at $5.41. It last printed at $5.76, down 18.07%, with 9.347 million shares traded, involving $52.1196 million.

COWELL (01415.HK) opened 14.86% lower today, and bottomed at $15.5. The stock last collapsed 30.04% to $17.42, with 12.134 million shares traded, involving $204 million.

In addition, SUNNY OPTICAL (02382.HK) also opened 14.93% lower, and bottomed at $55. It tumbled 15.43% to last at $58.9, with 12.2124 million shares traded, involving $701 million.
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AAStocks Financial News
Web Site: www.aastocks.com

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