Market Roundup

Hong Kong stock market rallied after the US and China released more details of their trade agreement. The HSI opened 92 points higher and extended its gains, closing up 150 points or 0.6% at 26,057 at midday; the HSCEI rose 62 points or 0.7% to 9,231; and the HSTECH fell 14 points or 0.24% to 5,893. Total turnover for the morning session was HK$132bn. Following the US announcement that China would terminate its investigations into Nvidia and other companies, chip stocks SMIC (0981) and Hua Hong (1347) fell 4.1% and 4.4% respectively. Automakers showed mixed performance after releasing monthly sales data; NIO (9866) and XPeng (9868) rose 2.9% and 3.8% respectively, while BYD (1211) and Geely (0175) fell 2.4% and 3.6% respectively.

Source: KGI Investment Products and Solutions Department

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