Market Roundup

Market Roundup

Hong Kong stocks fell for the fourth consecutive day. The Hang Seng Index opened 83 points lower at 19,135 points, the decline extended to 328 points, or 1.7%, to 18,890 points. The H-Share Index fell 111 points, or 1.7%, to 6,394 points; the Hang Seng Technology Index fell 82 points, or 2.1%, to 3,879 points. The market turnover was HK$69.8 bn. Hong Kong stocks continued to trade at a range bound. While today EV stocks suffered setbacks, Xpeng (9868), NIO(9866) and Li Auto (2015) fell 9%, 6.6% and 2.9% respectively. Procurement results of Chinese medicines were released, and the prices of selected Chinese medicines fell by 50%, related stock plunged, Sino Biopharm (1177) fell by 7.2%。

Source: KGI Asia Investment Strategy

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