Market Roundup

The Hong Kong stock market fluctuated today as the market waited for US President Trump to announce the latest details of reciprocal tariffs. The HSI opened 39 points lower and then fell 225 points, but later rose 186 points. It closed at 23,202, down 4 points or 0.02% for today; the HSCEI fell 5 points or 0.1% to 8,531; and the HSTECH rose 19 points or 0.4% to 5,426. The total market turnover for the day was HK$216.6bn. Xiaomi (1810) A SU7 was involved in a fatal car accident. Xiaomi's share price fell by another 4.2% today after falling by more than 5% yesterday. Alibaba (9988) reportedly will release a new model Tongyi Qianwen next week. The company's share price rose 0.2%.

Source: KGI Investment Strategy

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