Market Insight

Market Roundup

U.S. stocks are once again driven by the concept of AI, with the S&P 500 Index innovators. Meabwhile, the HSI opened 41 points lower and fell 135 points at once. It narrowed its losses afternoon. The HSI closed at 16,634 today, down 91 points or 0.5%. The HSTECH was at 3,393, down 6 points or 0.2%. The HSCEI fell 41 points, or 0.7%, to 5,723. The market turnover was HK$83.55bn yuan. After BYD (1211) launched low-priced models earlier, it recently launched a model priced at RMb1.68mn. It is believed that it will seize market share in all aspects. The stock price rose 1.5% to HK$187.9. After being downbeat by major banks last week, Lenovo (0992) reiterated today that it is supported by other banks. The stock price rose 4.1% to HK$8.9.

Source: KGI Asia Investment Strategy

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