Understanding the Market | Apple concept stocks rose broadly in early trading, and the US and Vietnam reached a trade agreement. Institutions believe that the suppression factors in consumer electronics are expected to be repaired
Apple concept stocks rose broadly in the morning, with Q TECH up 4.34%, COWELL up 3.93%, SUNNY OPTICAL up 2.07%, and AAC TECH up 0.63%. The United States and Vietnam reached a trade agreement, with Trump stating that a 20% tariff will be imposed on Vietnamese goods, increasing the import costs of Apple products such as the iPad. Analysts believe that the consumer electronics industry is expected to gradually recover from the previous suppressed market due to factors such as new product launches in the second half of the year
According to the Zhitong Finance APP, Apple concept stocks rose broadly in early trading. As of the time of publication, Q TECH (01478) rose 4.34% to HKD 8.65; COWELL (01415) rose 3.93% to HKD 2.91; SUNNY OPTICAL (02382) rose 2.07% to HKD 68.95; AAC TECH (02018) rose 0.63% to HKD 40.15.
In terms of news, U.S. President Trump stated on Wednesday that the U.S. has reached a trade agreement with Vietnam, which will impose a 20% tariff on goods imported from Vietnam. Trump also mentioned that for so-called "transshipment trade," Vietnamese goods will face a higher 40% tariff. According to AppleInsider, the import costs of Apple products made in Vietnam, such as iPads and AirPods, will significantly increase.
Public information shows that currently, A-share Apple supply chain companies investing in factories in Vietnam include Luxshare Precision, GoerTek, and Yutong Technology. The management of Luxshare Precision previously stated that unless tariffs in Vietnam are significantly higher than those in other countries and regions, the likelihood of most consumer electronics production capacity moving out of Vietnam in recent years is very low. ShenGang Securities pointed out that with the catalyst of new product launches in the second half of the year, consumer electronics and the Apple supply chain are expected to experience a recovery from the previously suppressed factors affecting trade relations
