Market Roundup

Hong Kong stock market rose, driven by technology sector. The HSI opened 145 points higher and extended its gains, closing at a high of 26,608, up 376 points or 1.4%; the HSCEI rose 171 points or 1.9% to close at 9,220; and the HSTECH rose 176 points or 3.1% to close at 5,863. Total market turnover was HK$306.22bn. Rumors circulated that DeepSeek would release its next-generation flagship AI model in the coming weeks, boosting AI and software stocks. Baidu (9888) and Kuaishou (1024) rose 5.3% and 7.4% respectively, while SenseTime (0020) and China Software (0354) rose 6.9%.

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.