Market Roundup

U.S. President Donald Trump began sending letters to notify of reciprocal tariff rates, and Hong Kong stocks rose in the morning market on the back of the mainland's stock market, with the Hang Seng Index opening 39 points higher and then expanding its gains, rising 250 points to 24,138 points, and rising 185 points or 0.8% to 24,073 points in the half-day market. HSCEI rose 72 points, or 0.8%, to 8,681; The Hang Seng Tech Index rose 67 points, or 1.3%, to 5,297. The total half-day turnover of the market was HK$117.2bn. In terms of financial stocks, HSBC (0005) rose 0.997%, AIA (1299) rose 0.365, and HKEX (00388) rose 2.107%. Guotai Junan International (1788) rose 19.5%, 16.1% higher in the first half of the day to HK$5.49, with a turnover of HK$7.46bn, the most traded shares in the half day. Domestic media reported that there is a high probability that it will not go bankrupt, and it is currently communicating the restructuring, Baidu (09888) rose 3.143%, and Geely (00175) rose 0.857%. In terms of other auto stocks, Dongfeng (00489) rose 1.416%, and its sales of 200,000 new energy vehicles in the first half of the year increased by 33%, and its share price rose nearly 2%. BYD (01211) rose 0.741% and Xiaomi (01810) rose 2.094%. Battery stock CATL (03750) rose 0.57%.

Source: KGI Investment Products and Solutions Department

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