Market Roundup

Hong Kong stock market rebounded as market consensus for the rate cut intensified. The HSI opened 232 points higher and then extended its gains today, closing up 496 points or 2% at 25,716. The HSCEI rose 159 points or 1.8% to close at 9,079, while the HSTECH gained 150 points or 2.8% to close at 5,545. Total market turnover reached HK$302.6bn. Stocks announcing their inclusion in the index performed well today. Innovent Biologics (1801) will be included in the HSI and HSCEI, and its share price rose 5.4%. Hongqiao (1378) and Yum China (9987), which were also added to theHSCEI, rose 0.5% and 1.7%, respectively.

Source: KGI Investment Products and Solutions Department

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