Market Roundup

The Hang Seng Index briefly dipped below 26,500 points in early trading and maintained its decline in the afternoon, ultimately closing down 465 points or 1.7% at 26,560 points; the Hang Seng China Enterprises Index fell 142 points or 1.6% to 9,015 points; and the Hang Seng Tech Index dropped 48 points or 0.9% to 5,360 points. Total market turnover was HK$257.5 billion. In terms of sectors, resource stocks retreated along with overseas gold prices, with Zijin Mining (2899) plunging 7.6%, making it one of the worst-performing blue chips. Technology stocks showed mixed performance, with Tencent Music (1698) falling sharply by 9.2%; however, Lenovo Group (0992) bucked the trend, rebounding 2.9% to become one of the best-performing blue chips. AIA Group (1299) also fell 4.2%, dragging down the overall market performance.

Source: KGI Investment Products and Solutions Department

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