Market Roundup

The Hang Seng Index opened 163 points lower at 19,579 points. By midday, the index had fallen 195 points or 1.0% to 19,547 points. The China Enterprises Index dropped 67 points or 1% to 7,017 points. The Hang Seng Tech Index fell 27 points or 0.6% to 4,377 points. The total market turnover for the half-day was HKD 62.3 billion. Bitcoin surpassed USD 100,000, and Boyaa Interactive (434), which holds over 3,000 bitcoins, saw its stock price rise by 24%. Meituan (3690) shares fell 3.3% to HKD 159.8.

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.