Market Roundup

Hong Kong stock market rose today. The HSI opened 193 points higher and then extended its gains, rising 365 points, or 1.4%, to 26,494 at mid-day. The HSCEI rose 98 points, or 1.1%, to 9,401, and the HSTECH rose 82 points, or 1.3%, to 6,277. Market turnover totaled HK$160bn at the mid-day. The State Administration for Market Regulation urged online food delivery companies to participate in competition rationally. Alibaba (9988) and JD.com (9618), as well as Meituan (3690), rose 1.8%. Lei Jun claimed that the Xiaomi 17 Pro Max broke its first-sale record, causing Xiaomi (1810) to fall 2.1% at the mid-day.

Source: KGI Investment Products and Solutions Department

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