Market Roundup

The Hang Seng Index fell 251 points, or 0.9%, to 26,459; the H-share Index fell 105 points, or 1.1%, to 9,138; and the Hang Seng Tech Index fell 86 points, or 1.49%, to 5,738. Total market turnover was HK$276.1 billion. Alibaba (9988) fell 3.2%; Tencent (700) fell 1.2%; and Meituan (3690) fell 1.5%. China Duty Free Group (1880) rose over 6%, with duty-free sales in Hainan during the New Year's Day holiday increasing by 129% year-on-year; Hesai Technology (2525) rose over 5%, having been selected by Nvidia as a LiDAR partner.

Source: KGI Investment Products and Solutions Department

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