Market Roundup

The Hang Seng Index opened 474 points lower, initially narrowing its losses to 287 points at 25,737, before widening its decline again to 576 points at 25,449, closing down 524 points or 2% at 25,500. The Hang Seng China Enterprises Index fell 139 points or 1.6% to 8,695, and the Hang Seng Tech Index dropped 112 points or 2.2% to 4,996. Total market turnover was HK$306.214 billion. Tencent (0700) saw its quarterly results remain stable, but profit expectations were pressured due to increased investment in AI infrastructure, causing its share price to fall 6.8%. Zijin Mining (2899) plunged 9.3% throughout the day due to profit-taking and a pullback in commodity prices.

Source: KGI Investment Products and Solutions Department

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