Market Roundup

Hong Kong stock market continued to rise today. The HSI opened 150 points higher and then expanded its gains. It rose 185 points or 0.8% at mid-day to 24,362; the HSCEI rose 59 points or 0.7% to 8,820; and the HSTECH rose 42 points or 0.8% to 5,340. The total market turnover was HK$129.9bn. The mainland approved 158 domestic and imported games in June, including Tencent and NetEase. Tencent (0700) and NetEase (9999) rose 0.1% and 0.9% respectively. The market continued to pay attention to the launch of Xiaomi (1810) YU7, which fell 0.2% against the market in half a day. Guotai Junan International (1788) was approved by the Securities Regulatory Commission to provide virtual asset trading services, and its share price rose 68%.

Source: KGI Investment Products and Solutions Department

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