Market Roundup

Hong Kong stocks opened higher on the first trading day of December, with the Hang Seng Index rising over 320 points in early trading, reaching a high of 26,180 points, before narrowing its gains. The Hang Seng Index closed at 26,033 points, up 174 points or 0.67%; the Hang Seng China Enterprises Index rose 42 points or 0.47% to 9,172 points; and the Hang Seng Tech Index rose 0.82% to 5,644 points. Total market turnover was HK$200.8 billion. Tongcheng Travel (0780) benefited from strong third-quarter results, with its share price rising 6.39%. Zijin Mining (2899) surged 5.3%. Meituan (3690) announced a larger-than-expected adjusted loss of RMB 16 billion in the third quarter, prompting several major banks to lower their target prices, and its share price fell 2.88% to close at HK$99.55.

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.