Market Roundup

Reports indicate that the United States has reached a trade agreement with the United Kingdom and relaxed chip export restrictions, leading to a rise in U.S. stock futures and a positive performance in the Hong Kong stock market this morning. The Hang Seng Index opened 102 points lower but then turned upward, rising 250 points or 1.1% to 22,941 points at midday; the China Enterprises Index rose 121 points or 1.5% to 8,363 points; the Hang Seng Tech Index rose 80 points or 1.6% to 5,280 points. The total market turnover for the half-day was HK$109.7billion. EV AUTO stocks performed well today, with Li Auto (2015) shares jumping nearly 7%, driven by the launch of several new car models; Geely (175) also saw its stock price rise by 4.5% due to plans to privatize Zeekr.

Source: KGI Investment Strategy Department

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