Market Roundup

The Nasdaq China Golden Dragon Index rose over 4%, while the Hsi opened 350 points higher but then narrowed its gains, closing up 239 points or 0.9% at 26,848. The HSCEI rose 65 points or 0.7% to 9,285, and the HSTECH rose 6 points or 0.1% to 5,869. Total market turnover was HK$315.19bn. Newly listed AI concept stocks retreated, with Zhipu (2513), MINIMAX (00100), Biren (6082), and ILUVATAR COR (9903) falling between 7.7% and 12.8%. China and the EU reached a framework consensus on electric vehicle tariffs, with BYD (1211) rising 1.6%, and Great Wall Motor (2333), XPeng (9868), and Leapmotor (9863) rising over 2%.

Source: KGI Investment Products and Solutions Department

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