Market Roundup

Half Day Roundup

Hong Kong stock market rose first and then fell today. After opening 38 points higher, the HSI rose 127 points, but turned down 97 points, or 0.6%, to 16,984 at mid-day; the HSCEI fell 12 points, or 0.2%, to 5,920; the HSTECH fell 43 points or 1.2%, at 3,612. The total mid-day turnover of the market was HK$63.41bn. AIA (1299) last year's performance was in line with consensus, but it fell 4.5% at mid-day. XPEV (9868)'s two co-founders exited top management, and the stock price fell 5.2%. Hangzhou announced that the purchase of second-hand housing in the city is exempted from the review of qualifications. Chinese real estate stocks CIFI (0884) and Longfor (0960) rose 9.4% and 3.7% 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.