Market Roundup

Hong Kong stock market continued to pull back from highs today. The HSI opened 227 points lower and then fell 508 points. It fell 367 points or 1.6% for the day to close at 22,576; the HSCEI fell 140 points or 1.7% to close at 8,322; and the HSTECH fell 172 points or 3% to close at 5,500. The total market turnover for the day was HK$283.94bn. Meituan (3690) will pay social security for full-time and stable part-time riders; share price fell 6.4%. Tencent (0700) reportedly integrated its four major product lines to promote its AI product layout, and Tencent fell 2.2%.

Source: KGI Investment Strategy

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