Market Insight

Half Day Roundup

Hong Kong stock market was volatile today. After opening 40 points higher, the HSI fell 115 points and later recovered its losses. It fell 10 points or 0.1% at mid-day to 16,578; the HSCEI fell 18 points or 0.3% to 5,710; the HSTECH fell 14 points or 0.4 %, reported 3,473. The total half-day turnover of the market was HK$61.05bn. Tesla (TSLA.US) and XPEV (9868) announced price cuts for their EVs, with the latter's stock price falling 4.5%. Li Auto (2015) February delivery volume fell 35% MoM, and its stock price fell 12.9%. The share prices of WuXi AppTec (02359) and WuXi Biologics (2269) surged 11.8% and 11.4% today.

Source: KGI Asia Investment Strategy

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