Market Roundup

The US airstrike on Iran's nuclear facilities caused Hong Kong stock market to fall and then rebound today. The HSI opened 194 points lower and then rebounded significantly, closing at a high of 23,689, up 158 points or 0.7%. The HSCEI rose 70 points or 0.8% to 8,597; the HSTECH rose 53 points or 1% to 5,187. The total market turnover was HK$198.7bn. Shipping stocks Pacific Basin Shipping (2343) rose 19.8% today, while other shipping stocks China Overseas Land & Investment (0316), COSCO Shipping (1308) and COSCO SHIPPING Energy (1138) rose 3.3% to 4.8%. The US reportedly plans to tighten semiconductor exports to China, and SMIC (0981) and Huahong (1347) rose more than 4%.

Source: KGI Investment Products and Solutions Department

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