Market Roundup

The U.S. twice announced tariff increases on China in one night, and there are reports that Trump is considering pushing for the delisting of Chinese concept stocks. The Hang Seng Index closed at 20,798 points at midday, up 116 points or 0.6%. The Hang Seng Tech Index reported 4,894 points, up 80 points or 1.7%. The China Enterprises Index rose 77 points or 1.0% to 7,745 points. Today, auto stocks performed well, with Li Auto (2015) up 4.5% and BYD (1211) up 3.8%. JD.com (9618) saw its stock price rise by 1% as its food delivery business "Billion Dollar Subsidy" launched, while Meituan (3690) fell by 0.9%.

Source: KGI Investment Strategy

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