HK Stock Market Move | XIN POINT HOLD (01571) is currently down more than 11%. The company stated that tariffs could potentially have an impact on its business and operations, and it is actively negotiating with its American clients.

XIN POINT HOLD (01571) is currently down more than 11%, as of the writing, down 11.11%, at HK$2.8, with a turnover of HK$17.0613 million. On the news front, on April 16th, XIN POINT HOLD announced that starting from April 9, 2025, the tariffs imposed by the United States on Chinese goods will be as high as 145%, with the total tariff on products exported by the group to the United States reaching 159%. As the group's products are sold to American customers on a "delivered duty paid" basis, the additional tariffs have made the group's supply commercially unfeasible. The announcement stated that the group has established manufacturing bases in Mexico and Malaysia to supplement its domestic production capacity in China. The group is currently actively discussing with American customers the possibility of transferring the product manufacturing process to the group's production facilities in Mexico and Malaysia.