Market Roundup

Half Day Roundup

Hong Kong stocks rose in the morning market today after US regulators announced that they would guarantee deposits at Silicon Valley Bank and Signature Bank, and it was rumored that the Fed may postpone interest rate hikes in March. HSI opened 91 points higher and then expanded its gains. It rose 436 points or 2.3% to 19,756 in mid-day. The HSCEI rose 186 points or 2.9% to 6,631; the HSTECH rose 166 points or 4.4% to 3,948. The market's half-day turnover totaled HK$81.28bn. Traditional blue chips performed well today. AIA (1299) rebounded 3.2% to HK$84.2. HKEx (0388) rose 3% to HK$327.8. Stocks Bilibili (9626), which included in Hong Kong Stock Connect, rose 13.6%.

Source: KGI Asia Investment Strategy

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