Market Roundup

Hong Kong stocks continued their strong rebound in the morning session, boosted by optimism about the upcoming 15th Five-Year Plan and progress in China-US trade negotiations. All three major indices rose. The Hang Seng Index opened 301 points higher and then continued to rise, closing at 26,286 points, up 427 points, or 1.7%. The H-share Index rose 165 points, or 1.8%, to 9,397 points, while the Hang Seng Tech Index rose 154 points, or 2.6%, to 6,087 points. Market turnover totaled approximately HK$ 150.7 billion during the first half of the day. Technology stocks led the gains, with ATMXJ rising between 1% and 4%. JST Group (6687), a mainland e-commerce SaaS service provider, closed at HK$37.96 on its first day of trading, 24% above its IPO price. However, Pop Mart (9992) falling over 5%, making it the worst-performing blue-chip stock.

Source: KGI Investment Products and Solutions Department

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