Market Insight

Market Roundup

China's GDP growth is expected to be around 5% in 2024, but the official says it is not easy to achieve. The Hang Seng Index fell 433 points or 2.6% throughout the day to close at 16,163 points. The Hang Seng Technology Index fell 151 points, or 4.3%, to 3,324 points. The H-Share Index fell 150 points or 2.6% to 5,563 points. The market turnover was HK$112.1 billion. Online medical consultation related stock, such as JD Health (6618) and Alibaba Health (241) were weak today, fell 8.1% and 7.9% respectively. In terms of individual stock trends, Haidilao (6862) introduced a franchising business model. The stock price once rose 5% in the early stage, but closed down 3%.

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.