Market Roundup

Half Day Roundup

U.S. stocks rose overnight, led by technology stocks. However, the Hang Seng Index opened 109 points lower at 16,628 points and closed down 186 points at 16,551 points in half a day; the Hang Seng Technology Index fell 64 points or 1.8% to 3,530 points; the H-Share Index fell 61 points or 1% to 5,787 points; The market half day turnover was HK$49.7bn. The annual report of WuXi AppTec (2359) showed that the US business revenue accounted for 65%, which investors worries regarding to the us bill. The stock price fell 6.7% today to HK$39.9. Li Auto (2015) currently has only 4,000 orders for the new car it released in early March, far below its monthly sales target of 8,000 units. Its stock price fell 9.3% today to HK$126.1.

Source: KGI Asia Investment Strategy

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