Market Roundup

Geopolitical tensions rise; the U.S. Federal Reserve has not cut interest rates. The Hang Seng Index opened 90 points lower and fell 479 points, or 2%, in the morning session to 23,231 points. The China Enterprises Index dropped 181 points, or 2.1%, to 8,412 points. The Hang Seng Tech Index declined 124 points, or 2.4%, to 5,090 points. Total market turnover for the morning session was HKD 123.32 billion. Consumer stocks fell, with Mixue Group (2097) down 4% and Pop Mart (9992) down 6.4%.

Source: KGI Investment Products and Solutions Department

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