Market Roundup

On the eve of the Christmas holidays, Hong Kong stock market only traded for half a day today (24th). The HSI opened 5 points higher and the gains once expanded to 116 points before narrowing significantly, closing at 25,818, up 44 points or 0.17%. The HSCEI rose slightly by 1 point to close at 8,915; the HSTECH rose 10 points or 0.19% to close at 5,499. Total market turnover was HK$92.5bn. The US extended the deadline for imposing tariffs on Chinese chips to June 2027, and SMIC (0981) shares rose 3.1%, making it the best-performing blue-chip stock. Technology stocks showed mixed performance, with Tencent (0700) rising 0.2% while Alibaba (9988) fell 0.8%.

Source: KGI Investment Products and Solutions Department

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