Market Roundup

The market is concerned about the situation in the Middle East. US stock futures stabilized in the Asian time zone. The Hong Kong stock market narrowed its losses today. After opening 100 points lower, the HSI once rose 44 points, and fell 28 points or 0.1% at mid-day to 23,864; the HSCEI fell 3 points to 8,651; the HSTECH rose 7 points or 0.1% to 5,247. The total market turnover was HK$130.9bn. The major shareholder of pharmaceutical stock WuXi Biologics (2269) sold 82.9mn shares at a 5% discount, cashing in more than HK$2.2bn, and the share price fell 6.4%. In terms of auto stocks, Xiaomi (1810) released YU7 within the month, and the share price rose 3.9%.

Source: KGI Investment Products and Solutions Department

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