Market Insight

Market Roundup

After being under pressure in the past few days, the Hang Seng Index rebounded and opened 66 points higher at 21,288 points. The Hang Seng Index closed at 21,298 points, up 76 points or 0.36%; the China Enterprises Index rose 43 points or 0.6% to 7,232 points; the Hang Seng Technology Index rose 51 points or 1.2% to 4,516 points. The market turnover was HK$103.8 bn. The concept of artificial intelligence chatbots continues to be hyped. Baidu (9888) announced that the robot will be named "ERNIE Bot", and it is expected to be open to the public in March. The stock price rose 15% to HK$162.5.

Source: KGI Asia Investment Strategy

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