Market Roundup

The market is focusing on the US's tariffs that will finally announce on April 2. Stock markets in the Asia-Pacific region generally fell, and Hong Kong market followed the decline today. The HSI opened 219 points lower and then extended its decline, falling 404 points or 1.7% at mid-day to 23,022; the HSCEI fell 126 points or 1.5% to 8,479; the HSTECH fell 168 points or 3.1% to 5,338. The market's mid-day turnover totaled HK$143.79bn. Heavyweight technology stocks generally fell, with Tencent (0700) and Alibaba (9988) falling more than 3% respectively. Li Ning (2331) had its earnings guidance lowered by brokerage firms, and its share price fell 8.9%.

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.