Market Roundup

Hong Kong stock market continued to be stimulated by the "DeepSeek" concept, and the index only fluctuated today. The HSI opened 134 points higher and then fell 115 points, before rebounding 41 points or 0.2% to 22,661 points at mid-day; the HSCEI rose 4 points to 8,336; and the HSTECH fell 6 points to 5,519. The market's mid-day turnover was HK$252.84bn. Tencent (0700)'s WeChat connected to DeepSeek for testing, and its share price rose 4.3% at mid-day. Lei Jun expects Xiaomi (1810) to maintain a growth rate of more than 30% this year. Xiaomi fell 0.3% at mid-day.

Source: KGI Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.