Market Roundup

Trump announced a 90-day postponement of 'reciprocal tariffs' for all countries except China. The Hang Seng Index opened 546 points higher at 20,810 points. By midday, the gain narrowed to 364 points or 1.8%, closing at 20,629 points. The China Enterprises Index rose 106 points or 1.4% to 7,642 points, and the Hang Seng Tech Index increased by 111 points or 2.4% to 4,800 points. The half-day turnover was HKD 245.4 billion. Manufacturing-related stocks performed well today, with BYD Electronic (285) up 6.3%, Sunny Optical (2382) up 5.7%, and Shenzhou International (2313) up 2.1%.

Source: KGI Investment Strategy

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