Market Roundup

Markets awaited the result of the FOMC meeting, and Hong Kong stock market were slightly weak in the morning. The HSI opened 1 point higher but then declined, falling 109 points or 0.4% to 25,325 at midday; the HSCEI fell 45 points or 0.5% to 8,890; and the HSTECH fell 37 points or 0.7% to 5,516. Total turnover for the morning was HK$95.7bn. Geely (0175) plans to enter into a syndicated loan of up to US$420mn for the privatization of ZEEKR (ZK.US), and Geely's share price rose 0.9%. The Baltic Dry Index fell to a near two-week low, with Orient Overseas (0316) and Pacific Pacific Shipping (2343) falling 4.9% and 9.5% respectively.

Source: KGI Investment Products and Solutions Department

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