Market Roundup

On the eve of the implementation of tariff measures, the United States reached an agreement with Canada and Mexico to delay the tariff arrangements by one month, leading to a rebound in global stock markets. The Hang Seng Index opened 271 points higher at 20,488 points, once rising nearly 670 points, and closed the day with a gain of 573 points or 2.8%, at 20,790 points. The China Enterprises Index rose 259 points or 3.5%, to 7,644 points. The Hang Seng Tech Index rose 240 points or 5.1%, to 4,977 points. The total market turnover for the day was HKD 161.8 billion. It was reported that SMIC (981) broke through 5nm technology, and its stock price rose by 8.5%.

Source: KGI Investment Strategy

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