Market Roundup

Hong Kong Gov announced its fiscal budget today while Hong Kong stock market performed well today. The HSI opened 204 points higher and then extended its gains, rising 585 points or 2.5% at mid-day to 23,619; the HSCEI rose 223 points or 2.6% to 8,722; and the HSTECH rose 210 points or 3.7% to 5,909 points. The total market turnover at mid-day was HK$181.6bn. Lenovo launched the world's first terminal-based DeepSeek AI PC. Lenovo Group (0992) share price rose 2.2% at mid-day. Chip equipment stock ASMPT (0522) saw its full-year net profit fall 52% and its share price drop 17.3%.

Source: KGI Investment Strategy

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