Market Roundup

Market Roundup

Hong Kong stock market was weak today and few transactions. The HSI opened 17 points lower. It dropped 255 points to 20,394 in the morning, and then narrowed the decline. The HSI fell 100 points or 0.5% to 20,549; the HSCEI fell 48 points or 0.69% to 6,954; the HSTECH fell 37 points or 0.9% to 4,164. The market's mid-day turnover totaled HK$49.63bn. Chinese technology sector generally fell today, Alibaba (9988) and Tencent fell 0.7% and 1.1% respectively. Auto sector was weak today, XPEV (9868) and NIO (9866) fell 5.3% and 4.5%.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.