Market Roundup

Hong Kong stocks opened lower and continued to decline throughout the day, with trading volume shrinking significantly as the market entered the quiet period of December. The Hang Seng Index closed at 25,760 points, down 334 points or 1.28%; the H-share Index fell 154 points or 1.68% to 9,028 points; and the Hang Seng Tech Index dropped 89 points or 1.59% to 5,535 points. Total market turnover shrank to HK$164.4 billion. Technology stocks were generally under pressure, with Kingdee International (0268) falling 4.5% and NetEase (9999) falling 2.9%. China Aluminum (2600) rose 4%, and China Hongqiao (1378) rose 2.3%.

Source: KGI Investment Products and Solutions Department

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