Market Roundup

The stock market opened lower but rallied throughout the day, with a sustained upward trend in the afternoon. The Hang Seng Index closed up 0.58%, once again surpassing the 26,000-point mark; the H-share Index rose 1.01%; and the Hang Seng Tech Index rose 0.84%. Insurance stocks performed best, with China Taiping (966) surging 7.10% and Ping An Insurance (2318) rising 6.71%. In the technology sector, Baidu Group (9888) saw a sharp rise in the afternoon, closing up 5.01%, amid rumors that its subsidiary Kunlun Core plans to list in Hong Kong. Non-ferrous metal stocks remained active, with Jiangxi Copper (358) rising 6.11% and Aluminum Corporation of China (2600) rising 5.41%. On the downside, catering stock Meet Noodles (2408) plummeted 27.84%.

Source: KGI Investment Products and Solutions Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.