Market Insight

Market Roundup

The Hang Seng Index repeatedly weakened. It opened 12 points higher at 15,404 points. It fell 83 points, or 0.5%, to 15,308 points throughout the day; the H-Share Index fell 45 points, or 0.9%, to 5,127 points; the Hang Seng Technology Index fell 46 points. points or 1.4%, quoted at 3,130 points. The total daily turnover of the market was HK$96.9 billion. NetEase (9999) was reported to have withdrawn its lawsuit against Blizzard software copyright case, and its stock price rose 1.3%. The China Passenger Car Association expects that the retail sales of new energy vehicles will decrease by 15.3% month-on-month, and electric vehicle stocks Leapmotor (9863) and Xpeng (9868) fell more than 4%.

Source: KGI Asia Investment Strategy

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