Market Insight

Half Day Roundup

U.S. stocks developed individually last Friday. The Hang Seng Index opened 38 points lower at 20,681 points. Driven by various industry news, it rose 167 points in half a day to 20,887 points. The China Enterprises Index rose 63 points or 0.9% to 7,054 points; the Hang Seng Technology Index rose 48 points or 1.1% to 4,306 points. Half-day market turnover was HK$59.5 bn. Hong Kong stocks performed well today. Telecom stocks were boosted by AI technology. China Telecom (728) rose 5.1%. Infrastructure stocks were affected by expectations for the upcoming NPC and CPPCC meeting. China Hongqiao (1378) rose 12%. China-funded securities companies were affected by China's relaxation of overseas listing restrictions. CICC (3908) rose 2.6%.

Source: KGI Asia Investment Strategy

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