Market Roundup

On the eve of the implementation of tariff measures, the United States reached an agreement with Canada and Mexico to delay the tax increase by one month, leading to a rebound in global stock markets. The Hang Seng Index opened 271 points higher at 20,488 points, once rising nearly 670 points. By midday, the gain narrowed to 405 points or 2%, closing at 20,622 points. The China Enterprises Index rose 190 points or 2.6% to 7,574 points, and the Hang Seng Tech Index rose 185 points or 3.9% to 4,922 points. The total market turnover for the half-day was 89 billion HKD. It was reported that SMIC (981) broke through the 5nm technology, and its stock price rose by 6.8%.

Source: KGI Investment Strategy

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