Market Roundup

U.S. President Trump has threatened that if China does not cancel its countermeasures, the U.S. will impose an additional 50% tariff on Chinese imports. The Hang Seng Index closed at 20,127 points, up 299 points or 1.5%. The Hang Seng Tech Index reported 4,568 points, up 167 points or 3.8%. The China Enterprises Index rose 168 points or 2.3%, to 7,430 points. Stocks with low revenue exposure to the U.S. saw a more significant rebound, with Meituan (3690) up 4.7% and Trip.com Group (9961) up 5.7%.

Source: KGI Investment Strategy

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