Market Roundup

U.S. President Trump temporarily exempts tariffs on smartphone and computer parts, and mentions exploring exemptions for tariffs on imported cars and parts. The Hang Seng Index opened 186 points higher at 21,603 points, then narrowed its gains, rising 40 points or 0.2% to 21,457 points at midday; the China Enterprises Index rose 8 points or 0.1% to 7,974 points; the Hang Seng Tech Index fell 45 points or 0.9% to 4,969 points. The total market turnover at midday was HKD 108.796 billion. Meituan (3690) announced it will provide RMB 100 billion in subsidies over the next three years, with its stock price rose 0.3%.

Source: KGI Investment Strategy

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