The Zhitong Finance App learned that JS Global Life (01691) rose more than 10% in the afternoon. As of press release, it rose 9.79% to HK$1,795, with a turnover of HK$10.7103 million.

According to the news, on September 28, the Ministry of Commerce announced the status of the Sino-US Trade Council and the “30 billion to 30 billion” equal tax reduction framework. The Securities Times reporter interviewed a number of listed companies that have export business to the US in the toy, home appliances, kitchen and bathroom products industries. Although the rules for equal tax cuts between China and the US have not yet been announced, several companies interviewed said that the relevant matter is a marginal positive sign worth paying attention to.

Huaxing Securities pointed out that the tax reduction agreement between China and the US has catalyzed short-term sentiment, and the company's Asia-Pacific business can be expected to expand rapidly. Huatai Securities, on the other hand, said that the company is in a “cost for market” strategic investment period, and emerging markets have a lot of room for growth; in the medium to long term, they are optimistic that SharkNinja Asia Pacific will continue to enhance profitability based on scale effects, and the Joyang division will gradually release profit elasticity as terminal demand improves, and maintain a “buy” rating.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.