Market Roundup

The market is looking forward to the easing of tariff issues between China and the U.S., and Hong Kong stock market performed well today. The HSI opened 517 points higher and maintained that level until the close, rising 519 points or 2.4% at mid-day to 22,081. The HSCEI rose 171 points or 2.2% to 8,121; and the HSTECH rose 152 points or 3.1% to 5,051. The total market turnover was HK$147.41bn. Apple component-related stocks generally performed well, with Cowell Electronics (1415), AAC Technologies (2018) and BYD Electronics (0085) rising 3.6% to 7.2%. Regarding auto stocks, BYD (1211) issued additional bonus shares in the form of a "one-for-three" stock split, and its share price rose by 5.5%.

Source: KGI Investment Products and Solutions Department

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