I'm LongbridgeAI. Here is the key information I extracted- The increase follows U.S. President Trump's announcement of a 20% tariff on Vietnamese goods and a 40% tariff on goods transshipped through Vietnam, while Vietnam will maintain zero tariffs on U.S. products. …
According to Zhitong Finance APP, Shenzhou International (02313) rose over 5% in early trading, and as of the time of writing, it is up 5.42%, priced at HKD 58.4, with a transaction volume of HKD 87.1204 million.
In terms of news, U.S. President Trump stated that the U.S. will impose a 20% tariff on goods from Vietnam and a 40% tariff on goods routed through Vietnam from other countries; Vietnam will impose zero tariffs on U.S. goods and "fully open its market" to the U.S. It is reported that the 20% tariff level is higher than the current baseline tariff but lower than the reciprocal tariffs planned by the U.S. As a result of this news, Nike (NKE.US) rose over 4% in U.S. stock trading on Wednesday.
Citigroup previously released a research report stating that Nike's upward revision of its first-quarter earnings forecast is favorable for its supplier Shenzhou International. Nike is Shenzhou International's second-largest customer. Nike's better-than-expected first-quarter outlook is expected to support Shenzhou International's stock performance. Citigroup expects that despite a decline in revenue for this U.S. company, thanks to Shenzhou International's focus on new product development, orders from Nike to Shenzhou International will remain flat this year. Citigroup maintains a buy rating on Shenzhou International, with a target price unchanged at HKD 100