Understanding the Market | Apple concept stocks faced pressure in the early trading session, COWELL once fell over 3% as Trump threatened to impose a 25% tariff on Apple Inc
Apple concept stocks are collectively under pressure. As of the time of publication, COWELL is down 2.51%, trading at HKD 21.4; Q TECH is down 2.3%, trading at HKD 6.81; BYD Electronics is down 1.93%, trading at HKD 33.05; Sunny Optical is down 1.45%, trading at HKD 61.3. In terms of news, on the morning of May 23rd, Eastern Time, Trump posted on his social media platform, stating: "I have long told Apple CEO Tim Cook that I want iPhones sold in the U.S. to be made in the U.S., not in India or any other place. If not, Apple must pay at least a 25% tariff to the U.S." Tianfeng International analyst Guo Mingqi commented on social media, stating: "In terms of profitability, Apple bearing the impact of a 25% tariff on iPhones sold in the U.S. is far better than moving the iPhone assembly line back to the U.S."
According to Zhitong Finance APP, Apple concept stocks are collectively under pressure. As of the time of publication, COWELL (01415) fell 2.51% to HKD 21.4; Q TECH (01478) fell 2.3% to HKD 6.81; BYD Electronics (00285) fell 1.93% to HKD 33.05; Sunny Optical (02382) fell 1.45% to HKD 61.3.
On the news front, early on May 23rd, Eastern Time, Trump posted on his social media platform, stating: "I have long told Apple CEO Tim Cook that I want them to produce iPhones sold in the U.S. in the U.S., not in India or any other place. If not, Apple must pay at least a 25% tariff to the U.S." Tianfeng International analyst Guo Mingqi commented on social media, saying: "In terms of profitability, Apple bearing the impact of a 25% tariff on iPhones sold in the U.S. is far better than moving the iPhone assembly line back to the U.S."
