Market Insight

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

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.