Market Insight

Market Roundup

The Hong Kong stock market struggled today. The HSI opened 26 points higher. It fell 60 points in morning and fell 9 points or 0.1% in mid-day to 19,511. The HSCEI rose 7 points or 0.12% to 6,626. Points; The HSTECH rose 63 points or 1.58% to 4,101. The market's mid-day turnover totaled RMb50.9bn. EV stock Li Auto (2015) sold 8,400 vehicles last week and hit a new record high. Its share price rose 8.2% in mid-day today. Together with other electric vehicle stocks, NIO (9866) and Xpeng (9868) rose 6.8% respectively and 7.3%. Today, China-tech stocks generally performed well. Tencent (0700) and Alibaba (9988) rose 1.6% and 0.2%.

Source: KGI Asia Investment Strategy

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