0341 GMT - Hong Kong Exchanges and Clearing trading activity looks well supported despite tariff uncertainties, says Kenny Lim at UOB Kay Hian in a note. Key catalysts like strong Southbound flow, a "potential second wave" of China ADRs seeking listings in Hong Kong amid rising U.S.-China tensions, and HKEX's ongoing trading structure enhancements, will sustain its average daily turnover, Lim says. However, a slowdown is expected as markets become more risk-off and focus on the impact of tariffs on the economy, Lim says. UOB KH trims its earnings forecast slightly through 2027 to take into account the implementation of the global minimum tax rate. It retains a buy rating on the stock but cuts its target price to HK$390 from HK$394. Shares are 2.1% higher at HK$358.60. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
May 05, 2025 23:41 ET (03:41 GMT)
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