Market Roundup

Federal Reserve Chairman Powell stated that tariffs are very likely to lead to temporary inflation increases. After the Hang Seng Index fell more than 400 points yesterday, it rebounded in the morning session today. It opened 9 points higher and then expanded its gains, rising 341 points or 1.6% to 21,398 points at midday; the China Enterprises Index rose 125 points or 1.6% to 7,904 points; the Hang Seng Tech Index rose 110 points or 2.3% to 4,906 points. The total market turnover for the half-day was 117.3 billion HKD. Major Institution indicated that the mainland real estate market showed signs of stabilization, with Longfor (960) shares rising more than 5%.

Source: KGI Investment Products and Solutions Department

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