Market Roundup

The Hang Seng Index opened 142 points higher and expanded its gains, rising by 412 points to reach 20,113 points. By midday, it was up 356 points or 1.8%, at 20,057 points. The China Enterprises Index rose 137 points or 1.9%, to 7,301 points. The Hang Seng Tech Index increased by 125 points or 2.8%, to 4,640 points. The total market turnover for the half-day was HKD 88.046 billion. The Bank of China (3988) plans to provide comprehensive financial support of no less than RMB 1 trillion over the next five years to various entities in the entire AI industry chain. SMIC (981) rebounded by 4.4%.

Source: KGI Investment Strategy

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