Market Roundup

Hong Kong stocks weakened in the first half of the day, dragged down by declines in pharmaceutical and technology stocks. The Hang Seng Index opened 63 points lower, falling as much as 190 points to 25,591 in early trading before rebounding to end the day down 22 points, or 0.09%, at 25,759. The H-share Index fell 17 points, or 0.18%, to 9,206, while the Hang Seng Tech Index dropped 47 points, or 0.81%, to 5,875. Market turnover totaled HK$ 134.7 billion in the first half of the day. Concerns that Pop Mart (9992) could not maintain its high growth momentum sent its share price plummeting 9.44% to HK$232.2, making it the biggest blue-chip loser. Pharmaceutical stocks came under pressure, with CSPC Pharmaceutical Group (1093) falling 5.32% to HK$8.01.

Source: KGI Investment Products and Solutions Department

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