Market Roundup

The Chinese Gov announced details of trade-in measures for mobile phones and vehicles, but while Hong Kong stock market continued to fall. The HSI opened 56 points lower and then expanded its losses, falling 309 points or 1.6% at mid-day to 19,137; the HSCEI fell 108 points or 1.5% to 6,941; the HSTECH fell 96 points or 2.2% to 4,258. The total mid-day market turnover was HK$91.75bn. Mobile phone-related stocks generally fell, with Xiaomi (1810), AAC (2018), Sunny (2382) and other stocks falling between 4.7% and 7.7%. AEROHT said that the flying car intelligent manufacturing base is under construction and will be mass-produced and delivered next year. Xpeng Motors (9868) and rose 1.5% to against market.

Source: KGI Investment Strategy

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