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Trump Clarifies No Tariff Waiver for Semis & Electronics; SMIC, Hua Hong, Q Tech, BYD Electronic Still Surge
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The U.S. Customs and Border Protection announced new guidelines last Friday (11th), excluding 20 product categories, including smartphones, computers, chips and certain semiconductor manufacturing equipment, from the "reciprocal tariff" arrangement. However, foreign media quoted U.S. President Donald Trump clarifying that these product categories were merely reclassified and not exempted from tariffs. U.S. Commerce Secretary Howard Lutnick explained that tariffs on the semiconductor and electronics industries are expected to be introduced in the next 1-2 months. Infected by the news, semiconductor and mobile device stocks listed in Hong Kong generally advanced. SMIC (00981.HK) opened 3% higher this morning, peaking at HKD48.8, and last stood at HKD48.05, up 2.89%, with 38.469 million shares traded, involving HKD1.849 billion. HUA HONG SEMI (01347.HK) opened 3.77% higher, peaking at HKD36.65, and last soared 5.08% at HKD36.2, with 21.81 million shares traded, involving HKD790 million. BYD ELECTRONIC (00285.HK) opened 6.53% higher and last printed at HKD34.35, up 4.25%, with 19.7635 million shares traded, involving HKD684 million. SUNNY OPTICAL (02382.HK) opened 6.18% higher and last posted at HKD67.8, up 3.43%, with 7.1943 million shares traded, involving HKD488 million. LENOVO GROUP (00992.HK) opened 8.59% higher and last logged at HKD8.47, up 5.48%, with 63.5259 million shares traded, involving HKD547 million. Q TECH (01478.HK) opened 8.2% higher, peaking at HKD6.79, and last marked at HKD6.5, up 4.5%. AAC TECH (02018.HK) opened 6.17% higher, peaking at HKD39.6, and last reported at HKD37.4, up 2.61%. AAStocks Financial News |
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