Market Roundup

US-China tariffs continue to affect consumption. Recently, Trump stated that he hopes to reach agreements with some countries in the next two to three weeks, possibly including China. The Hang Seng Index opened 42 points lower this morning and then expanded its decline, once falling 360 points to a low of 21,712 points. It fell 267 points or 1.2% at midday, reporting 21,805 points; the China Enterprises Index fell 102 points or 1.3%, reporting 8,013 points; the Hang Seng Tech Index fell 102 points or 2%, reporting 4,946 points. The total market turnover at midday was 122.2 billion HKD. Horizon Robotics (9660) saw its cornerstone investor lock-up period end today, with its stock price falling 6.7%. JD.com (9618) and Meituan (3690) continued their decline, with stock prices falling 5.3% and 4.8% respectively.

Source: KGI Investment Products and Solutions Department

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.