Market Roundup

Half Day Roundup

In the past few days, after being under pressure, the Hang Seng Index rebounded today and opened 66 points higher at 21,288 points in the early session. The Hang Seng Index rose 177 points or 0.8% to 21,399 points in the half-day; the H-Share Index rose 81 points or 1.1% to 7,270 points; Hang Seng Technology Index rose 83 points, or 1.9%, to 4,548 points. The market's half-day turnover was HK$ 55.9 bn. The concept of artificial intelligence chatbots continues to be hyped. Baidu (9888) announced that the robot will be named "ERNIE Bot" and is expected to be open to the public in March. The stock price rose 14% to HK$161.2.

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.