Market Insight

Market Roundup

Hong Kong stocks continued to rebound, with the Hang Seng Index opening 53 points higher at 16,678 points, and the day's gain expanded to 418 points, or 2.5%, to 17,043 points; the H-Share Index rose by 161 points, or 2.9%, to 5,765 points; the Hang Seng Technology Index rose by 124 points, or 3.4%, reported 3,764 points. The market's total daily turnover was HK$109.9 billion. EV stocks performed well today, with the share prices of Geely (175) and BYD (1211) rising 6.7% and 4.1% respectively. In addition, today Xiaomi (1810) released photos of its first car "SU7" on social platforms. However, Xiaomi's car technology conference held today will only focus on technical descriptions. The launch time and price of the car have not yet been announced. Xiaomi (1810) shares fell 0.2%.

Source: KGI Asia Investment Strategy

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