Market Roundup

Hong Kong stocks fluctuated narrowly in the mid-day session, influenced by the Federal Reserve's interest rate cut. The Hang Seng Index climbed back above 27,000 points in early trading, hitting a four-year high, before retreating, ending the day down 47 points, or 0.18%, at 26,861. The H-share Index fell 11 points, or 0.11%, to 9,586. The Hang Seng Tech Index rose 66 points, or 1.04%, to 6,400. Market turnover totaled HK$ 204.7 billion. Technology stocks were in the spotlight, with Hua Hong Semiconductor (1347) surging over 10% and ASMPT (522) rising nearly 11%. Baidu Group (9888) rose 4.1%, extending its gains from the previous day. Hong Kong Broadband (1310) surged 54% following the closing of China Mobile's acquisition offer.

Source: KGI Investment Products and Solutions Department

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