Market Roundup

Hong Kong stock market fell today as the market waited to see the results of the US presidential election. The HSI opened 215 points lower and then expanded its losses, falling 547 points or 2.6% at mid-day to 20,459; the HSCEI fell 214 points or 2.8% to 7,341; the HSTECH fell 142 points or 3% to 4,551. The total mid-day market turnover was HK$112.05bn. The market is worried that Trump will increase tariffs after taking office. Export stocks Shenzhou (2313) and Techtronic (0669) fell 6% and 4.9% respectively. It is said that the annual production capacity of Xiaomi's second phase automobile factory will reach 300,000 vehicles after it is put into operation. Xiaomi (1810) still fell 3% at mid-day.

Source: KGI Investment Strategy

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