Market Roundup

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

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.