Market Roundup

Hong Kong stock market fell today as the market waited to see the results of the US presidential election. The HSI opened 215 points lower and then expanded its losses, falling 468 points or 2.2% today to close at 20,538; the HSCEI fell 193 points or 2.6% to close at 7,363; the HSTECH fell 119 points or 2.5% to close at 4,574. The total daily market turnover increased to HK$216.82bn. The market is worried that Trump will increase tariffs after taking office. Export stocks Shenzhou (2313) and Techtronic (0669) fell 5.6% and 3.3% respectively. It is said that the annual production capacity of Xiaomi's second phase automobile factory will reach 300,000 vehicles after it is put into operation. Xiaomi (1810) fell 2.1% today.

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.