Market Roundup

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

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