Market Roundup

Hong Kong stocks continued to fall today, with technology and pharmaceutical stocks performing poorly. The Hang Seng Index opened lower and extended its decline, closing down 356 points, or 1.35%, at 26,128. The H-share Index fell 141 points, or 1.5%, to 9,303, and the Hang Seng Tech Index dropped 184 points, or 2.89%, to 6,195. Market turnover totaled RMB 323.7 billion. Tech stocks fell across the board, with Xiaomi Group (1810) down over 8%, the biggest decliner among Hang Seng Index constituents. Horizon Robotics (9660) announced a rights issue to raise RMB 6.34 billion, the placement price of RMB 9.99 represented a 5.75% discount to the previous closing price, resulting in a share price drop of over 8%. Pharmaceutical stocks came under pressure, with Ascletis Pharmaceuticals-B (1672) falling over 10% amid concerns about Trump's drug tariffs.

Source: KGI Investment Products and Solutions Department

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