Market Roundup

Deepseek related stocks continued to be heated, and Hong Kong stock market performed well today. The HSI opened 90 points higher and then extended its gains, rising 301 points or 1.4% to 21,435 at mid-day; the HSCEI rose 118 points or 1.5% to 7,902; and the HSTECH rose 93 points or 1.8% to 5,243. The market's half-day turnover was HK$135.35bn. The three major telecom operators have all fully accessed the DeepSeek open source big model. The share prices of China Telecom (0728) and China Unicom (0762) rose by 5.2% and 2.3% respectively. Dongfeng Motor (0489) is planning a restructuring and its share price rose 19.8%.

Source: KGI Investment Strategy

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