Market Roundup

The U.S. implemented additional tariffs on China, Mexico and Canada, and Hong Kong stock market fell on the first trading day after the Chinese New Year holiday. The HSI opened 176 points lower, then narrowed its losses and nearly fully recovered the gap at the close. The HSI fell 7 points; the HSCEI rose 1 point to close at 7,384; and the HSTECH rose 13 points or 0.3% to close at 4,737. The total market turnover was HK$125.0bn. Alibaba Cloud launched an upgraded version of “Tongyi Qianwen”, claiming it surpasses DeepSeek. Alibaba (9988) share price rose 6.5% today. The U.S. withdrew tariff exemptions for small packages, and JD.com (9618) fell 3.2% today.

Source: KGI 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.