Market Roundup

Hong Kong stock market rose today. The HSI opened 26 points higher and expanded its gains. It rose 261 points or 1.3% today to close at 20,760. The HSCEI rose 115 points or 1.6% to close at 7,478. The HSTECH rose 83 points or 1.9% to close at 4,605 . The total market turnover rebounded to HK$192.65bn. Automobile stocks continued to perform well, with Geely (0175) and Li Auto (2015) rising 6.6% and 6.3% respectively. The U.S. Department of Commerce plans to partially revoke anti-dumping and countervailing duties on Chinese photovoltaic cells. New energy stocks performed well, with GCL (3800) and Flat Glass (6865) rising 25% and 13.2% respectively.

Source: KGI 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.