Market Roundup

Trump announced that he will impose a 10% tariff on Chinese goods as soon as he takes office, causing the RMB to fall. The Hang Seng Index opened 97 points lower at 19,054 points, but rose slightly by 8 points or 0.04% to close at 19,159 points. The China Enterprises Index fell by 11 points or 0.2% to 6,851 points, and the Hang Seng Tech Index dropped by 13 points or 0.3% to 4,222 points. Baidu (9888) announced that it will conduct the first phase of its 'Apollo Go' tests at Hong Kong Airport by the end of the year, with its stock price rising by 4.2%, making it the best-performing blue-chip stock today. On the other hand, Shenzhou International (2313) fell by 4.4%, affected by U.S. tariffs.

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.