Market Roundup

Hong Kong stock market continued to rise today. The HSI opened 150 points higher and then expanded its gains. It rose 297 points or 1.2% to 24,474 today. The HSCEI rose 98 points or 1.1% to 8,859. The HSTECH rose 61 points or 1.2% to 5,359. The total market turnover was HK$267.8bn. Guotai Junan International (01788) was approved by the CSRC to provide virtual asset trading services. The stock price rose 1.98x. Other Chinese brokerage firms also performed well, including CITIC Securities (6030), CICC (3908), and China Galaxy Securities (6881), with increases ranging from 5.3% to 10.4%.

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.