Market Roundup

Hong Kong stock market rebounded significantly after opening lower today. The HSI opened 75 points lower, fell 135 points at once, then rebounded to rise 119 points, or 0.5%, to 24,627 at mid-day. The HSCEI rose 44 points, or 0.5%, to 8,849, and the HSTECH rose 50 points, or 0.9%, to 5,447. Market turnover totaled HK$126.53bn at mid-day. Innoscience (2577) gained 12.3% today after entering Nvidia's chip supply chain. BYD (1211) reported a 10% MoM decrease in new energy vehicle sales in July, sending its share price down 2.1%. New consumer sector generally performed well, with Pop Mart (9992) and Laopu Gold (6181) rising 2.6% and 5.5%, respectively.

Source: KGI Investment Products and Solutions Department

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