Market Roundup

Half Day Roundup

US inflation data has further heated up, and the market currently generally expects no interest rate cut in June. The Hang Seng Index opened 283 points lower this morning, opening at 16,856 points. The half-day decline of the index narrowed to 130 points, or 0.7%, to 17,009 points; the HSCEI index It fell 42 points, or 0.7%, to 5,974 points; the Hang Seng Technology Index fell 46 points, or 1.3%, to 3,506 points. The total half-day turnover of the market was HK$51.9 billion. Market expectations for interest rate cuts will delay, and yield sensitive stocks under pressure. Link REIT (823) fell 3.8% to HK$33.1. Xpeng (9868) announced a price reduction, and its stock price fell 1.2% to HK$31.75.

Source: KGI Asia Investment Strategy

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