Market Roundup

Market Roundup

Global investment sentiment turned conservative, with all three major U.S. indexes closing down. The Hang Seng Index opened 232 points lower, at 16,367 points, and fell 351 points, or 2.1%, to 16,249 points throughout the day; the China National Index fell 112 points, or 1.9%, to 5,745 points; the Hang Seng Technology Index fell 105 points, or 3%, to 3,338 points. The total daily turnover of the market was HK$114.6 billion. Today's retail data showed that automobile sales fell year-on-year and the recent trend of automobile stocks has been weak. NIO (9866) and Li Auto (2015) fell 10.2% and 4.9% respectively. AIA (1299) continued to be weak, falling another 2.6% to HK$46.

Source: KGI Asia 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.