HK Stock Market Move | CHERVON (02285) fell more than 6% due to continued tariff disruptions, which may put short-term pressure on the company's profitability.

CHERVON (02285) fell more than 6% intraday, falling 5.54% to 11.26 Hong Kong dollars at the time of publication, with a turnover of 19.5027 million Hong Kong dollars. On the news front, the trade war situation is still evolving. Morgan Stanley previously listed 30 companies as the most affected by equal tariffs. The bank pointed out that all of the 30 Chinese companies being tracked have more than 30% of their revenue coming from the United States, with CHEVRON being the highest at 77%. Citigroup recently gave CHEVRON a "sell" rating due to its dependence on production in China. Open Source Securities previously stated that concerns about a US recession and tariff policy risks are core factors suppressing current valuations, with a moderate demand recovery expected from 2025 due to the release of real estate rigid demand, and tariff pressures leading to short-term profit pressures. Accelerating overseas capacity migration is expected to drive a significant profit release by 2027.