Market Roundup

U.S. President Donald Trump stated he will send letters to notify countries about reciprocal tariff rates. The Hang Seng Index opened 169 points lower, and the early losses widened to 379 points, reaching 23,690 points. It ended the day down 154 points or 0.6%, closing at 23,916 points. The China Enterprises Index fell 39 points or 0.4%, closing at 8,609 points. The Hang Seng Tech Index dropped 17 points or 0.3%, ending at 5,216 points. Total market turnover for the day was HKD 267.8 billion. Alibaba (9988) issued approximately HKD 12 billion in zero-coupon convertible bonds, which can be converted into shares of Alibaba Health (241) stock prices fell by 1% and 6.6%, respectively.

Source: KGI Investment Products and Solutions Department

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