Market Roundup

Hong Kong stocks traded in a narrow range throughout the day, opening higher but then trending downwards. The Hang Seng Index closed at 25,858 points, down 87 points or 0.34%; the H-share Index fell 34 points or 0.38% to 9,130 points; and the Hang Seng Tech Index rose slightly by 1 point or 0.02% to 5,599 points. Total turnover for the day was HK$146.2 billion. New consumption concept stocks rose, with Pop Mart (9992) rising for the fifth consecutive day, closing up about 2.8%, benefiting from the implementation plan issued by six departments including the Ministry of Industry and Information Technology to promote consumption and expand the supply of diversified interest-based consumption. Institutions are optimistic about the development of the trendy toy sector. Innovative drug concept stocks fluctuated lower, with WuXi AppTec (2359) falling about 3.8%.

Source: KGI Investment Products and Solutions Department

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