Market Insight

Market Roundup

The Hang Seng Index followed the performance of U.S. stocks in the early morning and opened 77 points lower at 17,578, it tested the August low and found support. It rose 402 points or 2.3% at 18,057 point at market close. The H-Share Index rose 163 points or 2.7% at 6,262 points. The Hang Seng Technology Index rose 142 points, or 3.7%, at 3,991 point. The market turnover was HK$ 101.8 bn. Technology stocks led the gains, with Alibaba (9988) rising 3.9% to HK$85.9, and Tencent (700) rising 3.5% to HK$313. EV stocks also performed well, with BYD (1211), Li Auto (2015) and Xpeng (9868) rising 3.2%, 4% and 5.5% respectively.

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.