Market Roundup

Market Roundup

After being under pressure in the past few days, the Hang Seng Index rebounded and opened 66 points higher at 21,288 points. The Hang Seng Index closed at 21,298 points, up 76 points or 0.36%; the China Enterprises Index rose 43 points or 0.6% to 7,232 points; the Hang Seng Technology Index rose 51 points or 1.2% to 4,516 points. The market turnover was HK$103.8 bn. The concept of artificial intelligence chatbots continues to be hyped. Baidu (9888) announced that the robot will be named "ERNIE Bot", and it is expected to be open to the public in March. The stock price rose 15% to HK$162.5.

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.