Market Insight
Market Roundup
Hong Kong stocks continued to perform well today. The HSI opened 114 points higher and then expanded its gains. It rose 505 points or 3.1% today, reaching the 17,000 level. It closed at 17,093. The HSCEI rose 200 points, or 3.5%, to close at 5,949; the HSTECH rose 161 points, or 4.6%, to 3,643. The total daily turnover of the market surged to HK$149.97bn. Xiaomi (1810) will release the SU7 car on the 28th of March, and its stock price rose 11.3%. Other electric vehicle stocks generally rose, with gains ranging from 1.9% to 6.2%. CIMC Vehicles (1839) plans to repurchase H-shares for HK$7.5 and delist, stock price rises 1.8%
Source: KGI Asia Investment Strategy
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