Market Roundup

The latest weak US private sector jobs data reignited hopes for a Federal Reserve interest rate cut, boosting Hong Kong stocks today. The HSI opened 58 points higher and extended its gains, rising 166 points or 0.6% to 26,863 at midday; the HSCEI rose 55 points or 0.6% to 9,517; the HSTECH fell 24 points or 0.4% to 5,899. Total turnover for the morning session was HK$137.46bn. Xiaomi (1810) reported sales exceeding RMB 29bn on Singles' Day, with its share price rising 2.3%. Hesai (2525), an automotive radar system provider, saw a significant slowdown in ADAS LiDAR deliveries quarter-on-quarter last quarter, with its share price falling 11%.

Source: KGI Investment Products and Solutions Department

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