Market Roundup

The United States reportedly reached a trade agreement with the United Kingdom and relaxed chip export restrictions. U.S. stock futures rose and Hong Kong stocks performed well in the early trading. The Hang Seng Index opened 102 points lower and then turned up, rising 84 points or 0.37% to 22,776 points for the day; the H-Share Index rose 58 points or 0.7% to 8,300 points; and the Hang Seng Tech Index rose 29 points or 0.55% to 5,229 points. The total market turnover for the day was HK$ 185.9 billion. Auto stocks performed outstandingly. Li Auto (2015)'s share price rebounded by nearly 4.9%, announcing several new models to market. Geely (175)'s share price also rose by 4.4% due to its plan to privatize Zeekr.

Source: KGI Investment Strategy Department

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