Market Insight

Market Roundup

The RMB continues to weaken, and the United States has proposed to ban the export of AI chips to China. The Hang Seng Index opened slightly higher by 8 points at 19,180 points. The Index fell to 238 points, or 1.2%, to 18,934 points at market close; the China Enterprises Index fell 95 points, or 1.5%, to 6,427 point; the Hang Seng Technology Index fell 69 points, or 1.7%, to 3,933 point. The market turnover was HK$ 82.2 bn. After Bosideng (3998) announced its results, its stock price fell 8.2% to HK$3.25. Xpeng (9868) G6 new car was launched today, and its stock price rose 1.2% to HK$45.3.

Source: KGI Asia Investment Strategy

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