Market Roundup

The Hang Seng Index opened 186 points lower at 19,501 points. In the early session, the decline narrowed to 19 points, reaching a low of 19,668 points, before falling again. The Hang Seng Index closed down 241 points at 19,447 points, with a turnover of HKD 205.7 billion. Tencent (700) was included in the list of Chinese military companies by the Ministry of Defense, causing its stock price to drop by 7.3%. Additionally, the market is concerned that the United States may expand the scope of sanctions. Xiaomi (1810), which was previously removed from the U.S. sanctions list, also saw its stock price fall by 5.9%.

Source: KGI Investment Strategy

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