---
title: "Understanding the Market | SHENZHOU INTL rose over 5% in early trading as the US and Vietnam reached a trade agreement, benefiting the company's second-largest customer, Nike"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/247057573.md"
description: "Shenzhou International 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 trading volume of HKD 87.1204 million. In 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's stock rose over 4% 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, Nike's orders to Shenzhou International will remain flat this year. Citigroup maintains a buy rating on Shenzhou International, with a target price unchanged at HKD 100"
datetime: "2025-07-03T01:38:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/247057573.md)
  - [en](https://longbridge.com/en/news/247057573.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/247057573.md)
generator: "portal-rs"
---

# Understanding the Market | SHENZHOU INTL rose over 5% in early trading as the US and Vietnam reached a trade agreement, benefiting the company's second-largest customer, Nike

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

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**