Market Roundup

Hong Kong stocks weakened in the morning session, dragged down by tech stocks. The Hang Seng Index opened 108 points lower, and after falling more than 300 points to 26,408 points at one point, the decline narrowed slightly, closing down 270 points or 1.01% at 26,439 points; the H-share Index fell 102 points or 1.11% to 9,141 points; and the Hang Seng Tech Index fell 95 points or 1.65% to 5,729 points. The total turnover of the market in the morning session was HK$148.571 billion. Alibaba (9988) fell 4.05%; Tencent (700) fell 1.98%; and Meituan (3690) fell 2.17%. China Duty Free (1880) rose more than 7%, with duty-free sales in Hainan during the New Year's Day holiday increasing by 129% year-on-year; Hesai Technology (2525) rose more than 5%, having been selected by Nvidia as a LiDAR partner.

Source: KGI Investment Products and Solutions Department

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