Market Insight

Market Roundup

U.S. inflation continues to move toward the Federal Reserve's target, and interest rates remain unchanged this time. The dot plot also shows that interest rates will only be cut once this year. The Hang Seng Index opened 166 points higher, opening at 18,104 points, and the day's increase expanded to 175 points, closed at 18,112 points.; the HSCEI Index rose 62 points, or 1%, to 6,422 points; the Hang Seng Technology Index rose 48 points, or 1.3%, to 3,739 points. The total daily turnover of the market was HK$107.3 billion. Europe has imposed a 38.1% tariff on car companies that do not cooperate with anti-subsidy investigations. BYD (1211) rose 5.8% and Li-Auto(2015) rose 2%. In addition, Shenzhou (2313) continued its upward trend and rose another 3.1% today to HK$85.6.

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.