Market Roundup

The Hang Seng Index opened slightly higher by 12 points, opening at 19,613 points, but fell 371 points or 1.89% throughout the day to 19,230 points; the H-Share Index fell 148 points or 2.1% to 6,887 points; the Hang Seng Technology Index fell 112 points or 2.6%. It was quoted at 4,246 points. The total daily turnover of the market was HK$158 billion. Baidu (9888) mentioned in a conference call that its fourth-quarter advertising revenue has not significantly recovered, and its stock price suffered a significant setback and fell 8.6%. It is rumored that Xiaomi (1810)'s second pure electric SUV will be launched from February to March next year, and its stock price rose 1.4%.

Source: KGI Investment Strategy

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