Market Roundup

Hong Kong stock market rose significantly ahead of US President Trump's planned visit to China at the end of March. The HSI opened 385 points higher and rose as much as 742 points, closing up 668 points or 2.5% at 27,081; the HSCEI rose 237 points or 2.7% to close at 9,197; and the HSTECH rose 173 points or 3.3% to close at 5,385. Total market turnover was HK$173bn. Export-oriented stocks Techtronic Industries (0669) rose 3.5%, and Shenzhou International Holdings (2313) rose 4.9%. AI model stocks retreated, with KNOWLEDGE AT (2513) apologizing for issues related to its GLM Coding Plan, causing its stock to fall 22.8%. MiniMax-WP (0100) and INSILICO (3696) fell 13.4% and 6.8%, respectively.

Source: KGI Investment Products and Solutions Department

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