Market Roundup

Market Roundup

The Hong Kong stock market fluctuated today. After opening 32 points higher, the HSI expanded to 113 points before turning down. It fell 25 points or 0.2% to close at 16,473 today; the HSCEI fell 3 points or 0.05% to close at 5,754; the HSTECH fell 18 points, or 0.5%, to close at 3,437. The total daily turnover of the market wasHK$112.71bn. The market expects Meituan (3690) to reduce “Bi-mall”’s losses this year, and its stock price rose 5.7% today. It was reported that Apple (AAPL.US) is discussing using Baidu's (9888) AI technology in domestic devices, and the latter's stock price rose 2.5%. China Hongqiao (1378) net profit increased by 32% last year, and its stock price rose by 13.4%.

Source: KGI Asia Investment Strategy

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