Changes in Hong Kong stocks | The Hong Kong Stock Exchange (00388) rose more than 5% in early trading and will release first-quarter results at the end of this month, Xiaomo says the stock price adjustments may reflect tariff risks

The Zhitong Finance App learned that the Hong Kong Stock Exchange (00388) rose more than 5% in early trading. As of press release, it had risen 4.11% to HK$314, with a turnover of HK$2,289 billion.

According to the news, the Hong Kong Stock Exchange plans to disclose first-quarter results on April 30. CICC expects revenue to increase 31% year over year to HK$6.83 billion. Excluding investment income and miscellaneous income, fee business revenue will increase 47% year over year to HK$5.65 billion, and profit will increase 36% year over year to HK$4.05 billion. CICC expects the average daily turnover of Hong Kong stocks to increase 144% year on year and 30% year on year to HK$242.7 billion. Among them, the average daily turnover of Southbound stocks increased 255% year on year and increased 41% year on year to HK$109.9 billion, accounting for a 7 percentage point to 23% year-on-year increase in Hong Kong stocks, and a significant increase in trading contribution.

J.P. Morgan Chase released a research report stating that the target price for the Hong Kong Stock Exchange was lowered from HK$380 to HK$340. The bank believes that the decline in stock prices over the past week fully reflects these tariff risk factors and maintains an “increase in weight” rating. The bank said it is expected that the Hong Kong Stock Exchange will be driven by beta and trading volume, given China's growth risks and rising tariffs. However, the 16% decline since April 2 appears or has reflected these risks.