Market Roundup

Following the performance of the U.S. stock market last night, the Golden Dragon Index fell by 5%. The Hang Seng Index opened 625 points lower at 22,716 points, narrowing its half-day decline to 145 points or 0.62%, closing at 23,196 points. The China Enterprises Index fell by 43 points or 0.5%, closing at 8,575 points. The Hang Seng Tech Index fell by 2 points or 0.03%, closing at 5,787 points. The total half-day market turnover was HKD 185.1 billion. Li Auto (2015) saw its stock price surge by 12.2% to HKD 119.2, following the announcement of its first pure electric SUV. Xiaomi (1810) also rose against the market trend, reaching a new high with a 3.5% increase, closing at HKD 53.4.

Source: KGI Investment Strategy

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