Market Roundup

Hong Kong stocks opened higher in the morning session and continued to rise. The Hang Seng Index closed at 26,484 points, up 398 points, or 1.5%, reaching a 4.5-year high. The Hang Seng Tech Index rose 128 points, or 2.2%, to 6,016 points; the China Enterprises Index rose 148 points, or 1.6%, to 9,408 points. Market turnover for the half-day was approximately 184.9 billion yuan. Alibaba and Baidu benefited from rumors that the two companies are using their own artificial intelligence chips to train AI models. Alibaba (9988) rose 5.9% to HK$151.8, and Baidu (9888) rose 8.5% to HK$115.6.

Source: KGI Investment Products and Solutions Department

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