HK Stock Market Move | Exit stocks are under pressure in the early morning session, with TECHTRONIC IND (00669) falling more than 5% and SHENZOU INTL (02313) falling more than 3%.

Export stocks were generally under pressure in early trading. As of press time, TECHTRONIC IND (00669) fell by 5.12% to HK$72.3, while SHENZHOU INTL (02313) fell by 3.57% to HK$47.3. On the news front, Trump's tariff policies continue to unsettle the market. According to reports, additional tariffs imposed by the United States on Chinese products have now reached 145%, as indicated by an executive order released by the White House on April 10. Citigroup previously pointed out that companies like TECHTRONIC IND derive 40% to 50% of their profits from the United States. Furthermore, DBS released a research report stating that they expect the growth of SHENZHOU INTL's sports and leisure clothing orders to slow down due to rising uncertainties, as brand operators may become more conservative amidst tariff changes and macroeconomic uncertainties. Shenzhou's Southeast Asia and China production capacity accounts for approximately 65% and 35%, respectively. The bank also indicated that with the introduction of equivalent tariffs by the United States, negative market reactions are expected, which could lead to weaker demand.