Market Roundup

The Hang Seng Index opened 133 points lower, initially falling 241 points to 25,475, before narrowing its losses to 19 points at 25,697. It closed down 251 points, or 1%, at 25,465. The Hang Seng China Enterprises Index fell 28 points, or 0.3%, to 8,671; the Hang Seng Tech Index fell 50 points, or 1%, to 4,978. Total market turnover was HK$246.5 billion. Rumors circulated that Stellantis intended to introduce a Chinese automaker for its European operations, causing Leapmotor (9863) to rise 2.27%. Li Auto (2015) reported a non-GAAP net profit of RMB 2.38 billion last year, a decline of over 77%, causing its share price to fall 3.25%.

Source: KGI Investment Products and Solutions Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.