Market Roundup

The Hong Kong stock market showed a mixed atmosphere in the early session. After opening higher, the Hang Seng Index briefly fell but then turned upward near noon, climbing back above 25,000 points. At midday, the Hang Seng Index closed at 25,041.03 points, up 130 points or 0.52%; the China Enterprises Index was at 8,965 points, up 32 points or 0.36%; and the Hang Seng Tech Index stood at 5,562 points, up 30.16 points or 0.54%. The main board turnover for the first half of the day was approximately HKD 141.8 billion. Among the stocks with the largest price changes, New World Development (17) surged 14.35% at midday, with market rumors suggesting the company is negotiating with Blackstone for financing and a privatization plan worth up to USD 2.5 billion.

Source: KGI Investment Products and Solutions Department

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