Market Roundup

The Hong Kong stock market continued its upward trend from Wednesday. The Hang Seng Index opened 393 points higher and expanded its gains, closing up 775 points or 3.3% at 24,370 points. The China Enterprises Index rose 307 points or 3.5% to 8,938 points, and the Hang Seng Tech Index surged 311 points or 5.4% to 6,069 points. The total market turnover for the day was HKD 377.1 billion. Various tech stocks performed well, with Tencent (700) up 7.6%, Alibaba (9988) up 8.4%, and Kuaishou (1024) up 15.7%. However, Chow Tai Fook (1929), which had significant gains yesterday, saw a slight pullback today, with its stock price down 0.8%.

Source: KGI 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.