Market Roundup

Hong Kong stocks fluctuated throughout the day following the US interest rate cut. The Hang Seng Index opened 169 points higher but gradually narrowed its gains, closing down 10 points or 0.04% at 25,530; the Hang Seng China Enterprises Index fell 20 points or 0.23% to 8,934; and the Hang Seng Tech Index dropped 46 points or 0.83% to 5,534. Total market turnover was HK$182.4 billion. HSBC (5) rose 2.06% to HK$114; Alibaba Health (241) fell 3.95% to HK$5.11. ZTE Corporation (763) plunged 13.08% to HK$27.5 due to communication with the US Department of Justice regarding compliance with the Foreign Corrupt Practices Act. Among technology stocks, Meituan (3690) rose 1.5% to HK$101.5.

Source: KGI Investment Products and Solutions Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.