Market Roundup

Hong Kong stock market was weak in the morning. The HSI opened 85 points lower and then extended its losses, falling 264 points, or 1%, to 26,280 at the mid-day. The HSCEI Index fell 122 points, or 1.3%, to 9,349, and the HSTECH fell 74 points, or 1.2%, to 6,220. Market turnover totaled HK$164.78bn at the mid-day. News of strong sales for the Apple iPhone 17 in China drove a surge in Apple-related stocks. Lens Technology (0613) rose 12.2%, while Gowin (1415) and Q Technology (1478) rose 10% and 9% respectively. The State Administration for Market Regulation has launched an investigation into a subsidiary of Kuaishou (1024), which saw its stock price dropped 2.8%.

Source: KGI Investment Products and Solutions Department

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