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China-listed Apple Suppliers rise after US court blocks most Trump tariffs

ReutersMay 29, 2025 6:13 AM

Shares of Hong Kong and mainland-listed Apple's AAPL.O suppliers rise after a U.S. court blocks most Trump tariffs saying the president exceeded his authority

In China, shares of Lens Technology 300433.SZ, Goertek Inc 002241.SZ, Luxshare Precision Industry 002475.SS rise between 2.7% and 3%

In Hong Kong, Cowell e Holdings 1415.HK, AAC Tech 2018.HK, Sunny Optical 2382.HK and BYD Electronic 0285.HK surge between 2.3% and 4%

A U.S. trade court blocked President Donald Trump's tariffs from going into effect in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners

The judges also ordered the Trump administration to issue new orders reflecting the permanent injunction within 10 days

The Trump administration, minutes later, filed a notice of appeal and questioned the authority of the court

Hang Seng Tech Index .HSTECH rises 1.7%, Hang Seng Index .HSI gains 0.8%

Blue-chip CSI 300 Index .CSI300 and Shanghai Composite Index .SSEC add 0.6% and 0.7%, respectively

Reviewed byJane Zhang
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