Market Roundup

US President Trump plans to impose new tariffs on imports of electronic products and semiconductors, and Hong Kong stock market performed well today. The HSI opened 449 points higher and continued its upward trend, rising 502 points or 2.4% to close at 21,417 for today; the HSCEI rose 164 points or 2.1% to close at 7,965; the HSTECH rose 114 points or 2.3% to close at 5,015. The total turnover of the market for the day was HK$253.4bn. The market is looking forward to the return of Chinese stocks to Hong Kong for listing. The HKEX (0388) rose 6.9% today. The reciprocal tariffs on electronic products and semiconductor imports have been temporarily suspended. PC maker Lenovo Group (0992) rose 3% today.

Source: KGI Investment Strategy

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