HK Stock Market Move | SHIYUE DAOTIAN (09676) has dropped by over 6% currently. The company has experienced multiple reductions in holdings within the month. This is following a sharp increase in stock price due to the imposition of tariffs.

SHIYUE DAOTIAN (09676) is currently down over 6%, as of the time of writing, it is down 5.63% at 6.37 Hong Kong dollars, with a turnover of 1.19 billion Hong Kong dollars. On the news front, the latest data from the Hong Kong Stock Exchange shows that on April 14, Liu Qiangdong reduced his holdings of SHIYUE DAOTIAN by 1.1 million shares, at a price of 8.0172 Hong Kong dollars per share, for a total amount of approximately 8.8197 million Hong Kong dollars. After the reduction, the latest number of shares held is approximately 53.982 million shares, with a latest ownership ratio of 12.79%. It is worth noting that Liu Qiangdong has reduced his holdings of SHIYUE DAOTIAN three times this month, totaling a reduction of 6.48% of the equity, involving 217 million Hong Kong dollars. It is reported that on April 4, the Customs Tariff Commission of the State Council issued an announcement, approved by the State Council, stating that starting from 12:01 on April 10, 2025, tariffs will be imposed on imported goods originating from the United States. Caitong stated that the retaliatory tariffs may push up grain prices, and attention should be paid to the hedging properties of the agricultural sector. Influenced by the news, on April 7, the stock price of SHIYUE DAOTIAN surged, closing up more than 28% on that day.