Market Roundup

Half Day Roundup

U.S. inflation continues to move toward the Federal Reserve's target, and interest rates remain unchanged this time. The dot plot also shows that interest rates will only be cut once this year. The Hang Seng Index opened 166 points higher, opening at 18,104 points, and the day's increase expanded to 175 points, closed at 18,112 points.; the HSCEI Index rose 62 points, or 1%, to 6,422 points; the Hang Seng Technology Index rose 48 points, or 1.3%, to 3,739 points. The total daily turnover of the market was HK$107.3 billion. Europe has imposed a 38.1% tariff on car companies that do not cooperate with anti-subsidy investigations. BYD (1211) rose 5.8% and Li-Auto(2015) rose 2%. In addition, Shenzhou (2313) continued its upward trend and rose another 3.1% today to HK$85.6.

Source: KGI Asia Investment Strategy

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