Market Roundup

The Hong Kong stock market showed strong performance throughout the day. The Hang Seng Index closed at 25,339 points, up 234 points or 0.9%; the Hang Seng Tech Index closed at 5,647 points, up 149 points or 2.7%; the H-shares Index closed at 9,079 points, up 105 points or 1.2%. The total market turnover reached HKD 285.5billion. Regarding the heated discussion on the US-China chip "backdoor" issue, Hua Hong Semiconductor (1347) rose 17.8%; SMIC (981) rose 10%. XPeng Motors (9868) surged 13.6% after its chairman, He Xiaopeng, increased his stake. On the losing side, Bilibili (9626) fell 6.1% after its earnings missed expectations.

Source: KGI Investment Products and Solutions Department

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