Market Insight

Market Roundup

The market is waiting to see the tense situation in the Middle East. Today, Hong Kong stocks market followed A shares to be soft. The HSI rose 44 points to 17,858 points in the morning but turned down 75 points or 0.4% in mid-day. The decline intensified after noon, with the HSI closing at 17,640 points for the day, down 173 points or 1.0%. The HSTECH reported at 3,811 points, down 68 points or 1.8%. The HSCEI fell 66 points, or 1.1%, to 6,049. The market turnover was HK$73.79bn. Mobile phone components stock Sunny (2382) rose 1.0%, but BYD Electronics (0285) and Q Tech (01478) both fell 3% and 6.7% respectively. Automobile stocks generally fell, with BYD (1211) and Li Auto (2015) falling 1.2% and 3.6% respectively.

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.