HK Stock Market Move | US tariff policy will severely impact Apple's supply chain. Cowell (01415) fell more than 9% and Sunny Optical (02382) fell more than 8%.

Apple concept stocks all fell across the board, as of press time, COWELL (01415) fell by 9.62% to HK$16.34; Sunny Optical (02382) fell by 8.49% to HK$51.7; Q TECH (01478) fell by 7.63% to HK$5.33; BYD ELECTRONIC (00285) fell by 5.76% to HK$27. On the news front, "tit-for-tat tariffs" will take effect today. It was reported that in the last three days of March, Apple arranged for 5 cargo planes loaded with iPhones and other products to fly to the United States, as an emergency action to evade the "tit-for-tat tariffs". At the same time, due to fears that tariffs may cause phone prices to increase, American consumers are rushing to buy iPhones. Morgan Stanley predicts that the cost of these tariffs could lead to annual losses of up to $33 billion for Apple. Apple's stock price fell nearly 5% overnight, marking the fourth consecutive trading day of decline and hitting a new low for the year. Since April, Apple's stock price has fallen by over 20%. It was also reported that Apple plans to export more iPhones from India to the United States to offset the high costs brought by tariffs. These adjustments are Apple's temporary measures to try to obtain tariff exemptions from the Trump administration. CEO Cook had obtained such exemptions during Trump's first term. Apple believes that the current situation is too uncertain, so it will not overturn its long-term investments in the supply chain.