Market Roundup

Following the performance of the U.S. stock market last night, the Golden Dragon Index fell by 5%. The Hang Seng Index opened 625 points lower at 22,716 points and narrowed its decline to 307 points or 1.3% for the day, closing at 23,034 points. The China Enterprises Index dropped 119 points or 1.4% to 8,499 points, while the Hang Seng Tech Index fell 91 points or 1.56% to 5,699 points. The total market turnover for the day was HKD 329.5 billion. Li Auto (2015) saw its stock price surge 12.5% to HKD 119.5, driven by the news of its first all-electric SUV. Xiaomi (1810) also rose against the market trend, hitting a new high with a 3.1% increase to HKD 53.2.

Source: KGI Investment Strategy

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