Market Roundup

Hong Kong stocks were volatile and weak today. The Hang Seng Index opened 3 points higher, once rose by 94 points, then fell back and turned negative, ending the day down 123 points or 0.5%, at 23,258 points; The China Enterprises Index dropped 26 points or 0.3%, to 8,444 points; The Hang Seng Tech Index fell 8 points or 0.1%, to 5,174 points. Total market turnover for the day was HKD 180.8 billion. Xiaomi (1810): First-quarter non-IFRS net profit rose 65%, beating expectations. The stock price rose 0.4% for the day. Kuaishou (1024): First-quarter non-IFRS net profit increased 4%. The company is confident that second-quarter online advertising revenue will see double-digit growth. The stock price rose 6%.

Source: KGI Investment Products and Solutions Department

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