Market Roundup

Market Roundup

Hong Kong stock market continued to perform well today, rising for three consecutive trading days. The HSI opened 164 points higher and continued its upward trend, rising 372 points or 2.2% today to close at 17,201; the HSCEI rose 145 points or 2.5% to close at 6,100; the HSTECH rose 124 points or 3.6% to close at 3,573. The total daily turnover of the market was HK$129.58bn. Heavyweight technology stocks generally rose today, with Tencent (0700), Meituan (3690) and JD.com (9618) rising 3.6%, 4.6% and 4.3% respectively. SenseTime (0020) released a new artificial intelligence model, and its stock price surged 31.1% to close at HK$0.8 before trading halt.

Source: KGI Asia Investment Strategy

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