Market Roundup

The Hang Seng Index opened 334 points higher this morning, before slightly narrowing its gains to close up 212 points or 0.8% at 25,462. The Hang Seng China Enterprises Index rose 20 points or 0.2% to 8,504, while the Hang Seng Tech Index closed flat at 4,829. Total turnover for the morning session reached HK$164.1 billion. Sino Biopharmaceutical (1177) benefited from an industry rebound and expectations of policies related to the Two Sessions, rising 6% to become the biggest gainer among blue chips. AIA (1299) and HSBC (00005) rose 4% and 3.1% respectively, supporting the market. However, Meituan (3690) and Alibaba (9988) bucked the trend, falling 1.7% and 1.2% respectively, mainly dragged down by geopolitical tensions in the Middle East and a decline in US futures.

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.