Market Insight

Market Roundup

Hong Kong stock market opened lower today. The HSI opened lower by 64 points. It fell 139 points in morning and hit a low of 20,299. Then, it rebounded significantly after that. The HSI rose 110 points or 0.5% in mid-day to 20,548; the HSCEI rose 31 points or 0.45% to 6,945; the HSTECH rose 22 points or 0.5% to 4,186. The market's mid-day turnover totaled HK$60.6bn. The opening of the Shanghai Auto Show is coming soon. Auto sector performed well today. EV stocks Xpeng (9868) and Nio (9866) rose 8.4% and 5.3% respectively. Mainland airline stocks performed well, Air China (0753) and China Southern Airlines (1055) both rose more than 4%.

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.