Market Roundup

The market is watching U.S. inflation data, and the mainland stock market's morning rise has driven the Hong Kong stock market to perform well. The Hang Seng Index rose 346 points or 1.8% to 19,220 points; the China Enterprises Index rose 144 points or 2.1% to 6,987 points; and the Hang Seng Tech Index rose 130 points or 3.1% to 4,352 points. The total market turnover for the day was HKD 157.7 billion. The U.S. release of AI export controls has impacted AI data center development, causing GDS Holdings (9698) to plunge 13.7%. Car stock Leapmotor (9863) issued a positive profit alert, expecting to turn a profit last quarter, with its stock price rose 13%.

Source: KGI Investment Strategy

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