Market Insight

Market Roundup

The RMB continues to weaken, and the United States has proposed to ban the export of AI chips to China. The Hang Seng Index opened slightly higher by 8 points and opened at 19,180 points. Hang Seng Index half day fell 302 points or 1.6%, to 18,870 points; the China Enterprises Index fell 110 point or 1.7%, to 6,411 points; the Hang Seng Technology Index fell 76 points or 1.9% to 3,926 points. The market's half-day turnover was HK$ 40.7 bn. After Bosideng (3998) announced its results, its share price fell 12.4% to HK$3.1. Xpeng (9868) G6 new car was launched today, and its stock price rallied and rose 1.7% to HK$45.5.

Source: KGI Asia Investment Strategy

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