Market Roundup

The National Development and Reform Commission announced subsidies for purchasing digital products such as mobile phones. The Hang Seng Index opened 85 points higher at 19,709 points, rising 170 points or 0.9% to 19,794 points by midday. The China Enterprises Index rose 77 points or 1.1% to 7,167 points, and the Hang Seng Tech Index rose 59 points or 1.4% to 4,417 points. The total market turnover for the half-day was HKD 86.485 billion. Stimulated by the policy, Xiaomi's (1810) stock price rose 5.6%, reaching a new high. MINISO (9896) obtained the Black WuKong IP authorization, and its stock price rose 11.7%.

Source: KGI Investment Strategy

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