Understanding the Market | Apple concept stocks expanded gains in the late trading session, COWELL rose over 19%, SUNNY OPTICAL rose over 16%
Apple concept stocks expanded their gains in the late trading session. As of the time of writing, COWELL rose 18.91% to HKD 26.1; SUNNY OPTICAL rose 16.3% to HKD 74.9; AAC TECH rose 16.05% to HKD 46.25; BYD ELECTRONIC rose 14.39% to HKD 38.15; Q TECH rose 13.91% to HKD 7.37. On the news front, the United States and China issued a joint statement to mutually reduce tariffs and establish a mechanism for ongoing consultations. Among them, the U.S. side retains the option to impose an additional 10% tariff while canceling or suspending other additional tariffs; China will correspondingly adjust the ad valorem tariffs imposed on U.S. goods. Previously, Cinda Securities pointed out that since the announcement of the tariff policy, high-quality domestic consumer electronics stocks have significantly corrected, and their valuations have shown considerable room. In addition, the possibility of continued deterioration of the tariff policy is also continuously shrinking, but it is still necessary to observe changes in tariff policies in Vietnam, India, Singapore, Mexico, and other places. Overall, the firm believes that if tariffs do not develop irrationally in the future, there is a high possibility of overall valuation recovery in the industry
According to the Zhitong Finance APP, Apple concept stocks saw an expanded increase in the late trading session. As of the time of writing, COWELL (01415) rose by 18.91% to HKD 26.1; SUNNY OPTICAL (02382) rose by 16.3% to HKD 74.9; AAC TECH (02018) rose by 16.05% to HKD 46.25; BYD ELECTRONIC (00285) rose by 14.39% to HKD 38.15; Q TECH (01478) rose by 13.91% to HKD 7.37.
On the news front, the United States and China issued a joint statement to mutually reduce tariffs and establish a mechanism for ongoing consultations. The U.S. side retains the option to impose the remaining 10% tariffs while canceling or suspending other additional tariffs; China will correspondingly modify the ad valorem tariffs imposed on U.S. goods. Previously, Cinda Securities pointed out that since the announcement of the tariff policy, high-quality domestic consumer electronics stocks have significantly corrected, and their valuations now show considerable room for improvement. Additionally, the likelihood of continued deterioration in tariff policies is also decreasing, but it is still necessary to observe changes in tariff policies in Vietnam, India, Singapore, Mexico, and other regions. Overall, the firm believes that if tariffs do not develop irrationally in the future, there is a high possibility of overall valuation recovery in the industry
