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SHENZHOU INTL Plunges 17% to ~8Yr Low, Dented by Trump’s Reciprocal Tariffs
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U.S. President Donald Trump announced reciprocal tariffs, setting a 34% tariff on imports from China, and radically higher rates of 46% and 49% on products from Vietnam and Cambodia, respectively. The news dealt a blow to the stock price of apparel manufacturing contractor SHENZHOU INTL (02313.HK), which gapped down 10.2% at the open today (3rd). With the early decline intensifying, the stock plunged as much as 17.1% to bottom at HKD51.25, the lowest since July 2017, nearly eight years ago. It last stood at HKD51.35, down 17%, with a trading volume of 8.4257 million shares, involving HKD447 million. AAStocks Financial News |
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