Market Roundup

U.S. President Trump did not announce an immediate increase in tariffs on China, leading to a rise in the offshore RMB and an increase in the Hong Kong stock market in the morning session. The Hang Seng Index opened 202 points higher, briefly fell by 5 points, and then rose again, closing the half-day session up 223 points or 1.1% at 20,149 points. The China Enterprises Index rose 95 points or 1.3% to 7,331 points. The Hang Seng Tech Index rose 114 points or 2.5% to 4,709 points. The total market turnover for the half-day session was HKD 87.108 billion. SMIC (981) continued its upward trend, rose 7.36%. Country Garden (2007) resumed trading on its first day, rose 23.7%.

Source: KGI Investment Strategy

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