** Xin Point 1571.HK drops 7.6% to HK$2.91, lowest since August 22, 2024
** Stock set for biggest one-day pct drop since April 7
** Chineses automotive and electronic components maker required to pay 159% tariffs on current U.S. exports and says new tariffs will likely impact business and operations
** Co's direct shipments from China to the U.S. subject to tariff accounted for 30.7% of its total revenue for the year ended December 2024
** Says Group unable to concretely assess impact of new tariffs amid ongoing negotiations to pass tariff costs to end consumers and possibilities of relocating manufacturing to lower tariff regions
** YTD, Stock loses 27.3%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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