Market Insight

Market Roundup

The Hang Seng Index opened 53 points lower at 18,881 points. The Hang Seng Index edged up 4 points in half a day to 18,939 points; the China Enterprises Index rose 10 points or 0.2% to 6,437 point; the Hang Seng Technology Index fell 25 points or 0.6% to 3,909 points. The market's half-day turnover was HK$ 40.4 bn. EV stocks performed well, among which Xpeng (9868) surged more than 12% and NIO (9866) rose 4%, driven by strong orders for new models launched by Xpeng (9868). Lithium stocks also performed well. Ganfeng Lithium (1772) and Tianqi Lithium (9696) rose 3.6% and 5.2% 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.