Market Roundup

Hong Kong stocks opened lower, with the Hang Seng Index falling 135 points and extending its losses to close at 26,184 points, down 301 points or 1.1%. The Hang Seng China Enterprises Index fell 104 points or 1.1% to 9,251 points, and the Hang Seng Tech Index fell 118 points or 2% to 5,825 points. Total turnover for the morning session was HK$115.2 billion. Technology stocks almost universally declined, with ATMXJ falling more than 2% to more than 3%. Among them, Xiaomi (1810) fell 3.13% to a more than six-month low, while Kuaishou (1024) and Pop Mart (9992) fell about 6% and 5.6% respectively, making them the biggest losers among blue chips. Energy stocks bucked the trend, with Xinyi Solar (968) rising more than 6%, making it the best-performing blue chip.

Source: KGI Investment Products and Solutions Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.