Market Roundup

Hong Kong stocks opened higher in the morning session and continued to rise. The Hang Seng Index closed at 26,388 points, up 302 points, or 1.16%. The Hang Seng Tech Index rose 100 points, or 1.7%, to 5,989 points; the China Enterprises Index rose 104 points, or 1.1%, to 9,365 points. Total market turnover was approximately HK$ 320.7 billion. Alibaba and Baidu benefited from rumors that the two companies are using their own artificial intelligence chips to train AI models. Alibaba (9988) rose 5.4% to HK$ 151.1, and Baidu (9888) rose 8.1% to HK$ 115.1.

Source: KGI Investment Products and Solutions Department

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