Market Roundup

The market is waiting for U.S. inflation data. Mainland China's stock market rose in the morning session, driving Hong Kong stocks higher. By midday, the Hang Seng Index was up 266 points or 1.4%, at 19,141 points; the China Enterprises Index rose 109 points or 1.6%, at 6,952 points; and the Hang Seng Tech Index increased by 95 points or 2.3%, at 4,317 points. The total market turnover for the half-day was HKD 84.6 billion. The U.S. announced export controls on artificial intelligence, affecting the development of AI data centers, causing GDS Holdings (9698) to plummet by 17.7%. Car stock Leapmotor (9863) issued a profit alert, expecting to turn a profit last quarter, with its stock price rose by 15%.

Source: KGI Investment Strategy

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