Market Roundup

Trump indicated that a U.S. economic recession is not out of the question, leading to a significant drop in U.S. stocks. The Hang Seng Index opened 508 points lower, initially fell 545 points to a low of 23,238 points, then rebounded, closing the day with a narrow loss of 1 point at 23,782 points. The China Enterprises Index rose 30 points or 0.3% to 8,755 points. The Hang Seng Tech Index rose 82 points or 1.4% to 5,967 points. The total market turnover for the day was 307 billion HKD. Since its listing, Mixue Group (2097) has continued to rise, gaining another 6.9% today to reach a new high.

Source: KGI Investment Strategy

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