Market Insight

Market Roundup

There is a report that a series of measures to strengthen the economics expectation of the Chinese people and the support for enterprises is going to launch soon. The HSI opened 191 points higher and then expanded its gains. It once rose 324 points to 18,803. It rose 282 points or 1.5% in mid-day to 18,761; the HSCEI rose 94 points or 1.5% to 6,329; The HSTECH rose 81 points, or 2.1%, to 4,026. The market's mid-day turnover totaled HK$42.91bn. The new energy vehicle sector is generally doing well, and the stock prices of NIO (9866), XPEV (9868) and LI (2015) rose 12.1%, 7.7% and 4.1% respectively today. BYD (1211) also rose 1.8%. SenseTime (0020) was cut off by Alibaba (9988) by more than 550mn shares through OTC last Thursday, and SenseTime's share price fell 3.2% in mid-day.

Source: KGI Asia Investment Strategy

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