Market Roundup

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

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