Market Roundup

Market Roundup

Hong Kong stocks turned weak this morning. The Hang Seng Index opened 48 points lower. It fell 128 points in the morning and then rose 74 points. The HSI fell 25 points or 0.13% in mid-day to 19,122; the HSCEI fell 6 points or 0.1% to 6,498; the HSTECH fell 1 point or 0.03% to 3,970. The market's mid-day turnover totaled HK$38.23bn. EV stocks performed well today, with NIO (9866), Xpeng Motors (9868) and Li Auto (2015) rising between 1.8% and 6.5%. China tech stocks performed differently, Tencent (0700) and Alibaba fell 1.6% and 1.8% respectively, while Meituan (3690) rose 0.48%.

Source: KGI Asia Investment Strategy

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.