HK-listed e-commerce groups fall on Trump's reciprocal tariffs

Hisense Home Appliances

03/04/2025 05:53

** Hong Kong-listed shares of Chinese e-commerce groups fall after U.S. President Donald Trump announced reciprocal tariffs

** Alibaba's Hong Kong stock 9988.HK falls 6% to HK$122.2, its lowest level since February 20, and JD.com 9618.HK Hong Kong-listed shares also drop 6% to HK$152.2 to their lowest since February 25

** Trump signed an executive order on Wednesday that closes a trade loophole used to ship low-value packages, those valued at $800 or less, duty-free from China known as "de minimis". The order covers goods from China and Hong Kong and will take effect on May 2

** Hong Kong-listed shares of express delivery group SF Holdings 6936.HK fall 3.6% to HK$37, the biggest intraday pct drop since debut on November 27

** Hong Kong-listed stock of household appliances maker Haier Smart Home 6690.HK drops 8% to HK$22.9, its lowest since September 11

** Hisense Home Appliances' 0921.HK Hong Kong shares plunge 8.8% to HK$23.25, lowest since December 9

** Midea Group 0300.HK falls 5.9% to HK$72.05, its lowest since March 14

** Hang Seng Tech Index .HSTECH declines 2.2%, Hang Seng Index .HSI falls 1.6%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))