HK Stock Market Move | TECHTRONIC IND (00669) continues to fall more than 3%, down more than 35% from the annual high point. The company has significant exposure to the US market.

TECHTRONIC IND (00669) continues to fall by over 3%, with the current stock price down over 35% from its annual high. As of the time of writing, it has dropped by 3.11% to HK$71.6, with a turnover of HK$624 million. On the news front, Trump's tariffs have exceeded market expectations. Morgan Stanley previously stated that the complexity of tariffs has caused concerns among investors, especially considering TECHTRONIC IND's significant exposure to the US market, with the US market accounting for about 75% of its revenue in the first half of 2024. The key strength of Techtronic lies in its advantage in diversifying away from the Chinese supply chain and its operational flexibility in quickly adjusting production layouts. Citigroup points out that companies like TECHTRONIC IND derive 40% to 50% of their profits from the US. Citigroup's previous research report stated that TECHTRONIC IND achieved a record-high turnover last year, which was in line with market consensus and the bank's forecasts. However, tariff issues continue to weigh on the stock price due to emotional factors.