Market Roundup

The Hang Seng Index followed the US stock market and opened 135 points higher at 21,657 points. However, by midday, it had turned down by 126 points or 0.6%, to 21,395 points. The China Enterprises Index fell by 58 points or 0.7%, to 7,888 points. The Hang Seng Tech Index dropped by 82 points or 1.6%, to 5,204 points. The total market turnover for the half-day was HKD 122.742 billion. BYD (1211) announced its new Auto-driving system last night, and its stock price once rose by 4.5%, but the half-day gain narrowed to 0.7%, closing at HKD 332.4. Other Auto-driving system-related stocks, such as Horizon Robotics (9660), fell significantly, with a half-day drop of 7.8%.

Source: KGI 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.