Market Roundup

Half Day Roundup

U.S. stocks were closed for a holiday yesterday. The Hang Seng Index opened slightly higher by 8 points, at 18,036 points. However, the half-day index fell by 195 points, or 1.09%, to 17,832 points; the HSCEI Index fell 81 points, or 1.26%, to 6,389 points; Hang Seng Technology index fell 66 points or 1.83% to 3,583 points. The total half-day turnover of the market was HK$47.9 billion. The WAIC  is still being held, but AI concept stocks has cooled down, with SenseTime (20) and FOURTH PARADIGM (6682) fell 13% and 7% respectively. TingYi (322) raised the price of its flagship instant noodles starting this month, and its share price rose 2.6%.

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.