Market Insight

Market Roundup

After the Hong Kong stock market performed well yesterday, the Hang Seng Index opened 17 points lower this morning to 19,289 points. The Index managed to close 109 points or 0.5% higher at 19,416 points. The Hang Seng Technology Index rose 20 points or 0.5% to 4,074 points. HSCEI rose 23 points or 0.3% to 6,613 points. Market turnover was HK$76 billion. Xpeng Motors (9868) retreated 6.5% today to HK$54.5. NIO (9866) and Li Auto (2015) also dropped nearly 5% and 2% respectively. SenseTime (20) plunged more than 8% to HK$1.99.

Source: KGI Asia Investment Strategy

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