Market Roundup

Market Roundup

HSI retreated since reaching a half-year high of 22,700 in last week. After falling for two trading days in a row, Hong Kong stock market fluctuated in the morning. HSI opened 78 points higher, and then fell 138 points to a low of 21,703. HSI closed at 22,072, up 229 points or 1.1%. HSTECH closed at 4,695, up 153 points or 3.4%. HSCEI rose 135 points, or 1.8%, to 7,560. Market turnover was HK$155.6bn. Tesla (TSLA), the leading EV makers, share price performed well last night, which led to the rise of peers’ share today. Share prices of BYD (1211) and Li Auto (2015) rose 6.1% and 9.4% respectively.

Source: KGI Asia Investment Strategy

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