Market Roundup

Hong Kong stock market rallied after the US and China released more details of their trade agreement. The HSI opened 92 points higher and extended its gains, closing up 251 points or 1% at 26,158; the HSCEI rose 90 points or 1% to close at 9,258; and the HSTECH gained 14 points or 0.2% to close at 5,922. Total market turnover was HK$228.68bn. Following the White House's announcement that China would terminate its investigations into Nvidia and other companies, chip stocks SMIC (0981) and Hua Hong (1347) fell 2.9% and 3.5%, respectively. Automakers showed mixed performance after releasing monthly sales data, with NIO (9866) and XPeng (9868) rising over 4%. BYD (1211) and Geely (0175) fell 1.5% and 3.4%, respectively.

Source: KGI Investment Products and Solutions Department

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