Market Roundup

Half Day Roundup

The U.S. January CPI was higher than the consensus. The US stock market turned from a decline to an upward trend, while the Hong Kong stock market continued to be weak today. HSI once fell 386 points to 20,726. It fell 272 points or 1.3% in mid-day to 20,840; HSCEI fell 78 points or 1.1% to 7,031; HSTECH fell 23 points or 0.54% to 4,307. The market's half-day turnover totaled HK$58.0bn. Chinese technology stocks generally fell. Alibaba (9988) and Tencent (0700) fell 1.1% and 0.3% respectively. The concept of AI was once again heated. Baidu (9888) and SenseTime (0020) rose 3.8% and 2.6% 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.