Market Roundup

The Hong Kong stock market at midday closed slightly softer, with the Hang Seng Index down 109 points or 0.43%, at 25,414 points. The Hang Seng China Enterprises Index fell 39 points or 0.43%, to 9,106 points, and the Hang Seng Technology Index dropped 88 points or 1.57%, to 5,556 points. The total turnover of the market at midday was approximately HKD 148.2 billion. Li Auto (2015) launched the new model I8 with an offering price lower than market expectations, causing the stock price to drop over 10%. After reaching a new high, Contemporary Amperex Technology Co. Limited (CATL, 3750) saw its stock price decline by 6.75%.

Source: KGI Investment Products and Solutions Department

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