Market Insight

Market Roundup

Hong Kong stocks continued to rebound, with the Hang Seng Index opening 53 points higher at 16,678 points. The half-day gain expanded to 252 points, or 1.5%, to 16,877 points; the H-Share Index rose by 102 points, or 1.8%, to 5,706 points; the Hang Seng Technology Index rose by 75 points, or 2.1 points, reported at 3,715 points. The half-day turnover of the market was HK$50.9 bn. EV stocks performed well today, with Geely (175) and BYD (1211) rising 6.2% and 3.1% respectively. In addition, Xiaomi (1810) will release its first car "SU7" today, and its stock price fell 0.7%. The domestic consumption sector performed well, with Haidilao (6862) and Li Ning (2331) rising 3.8% and 3.6% respectively.

Source: KGI Asia Investment Strategy

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