Market Roundup

Hong Kong stocks fell significantly throughout the day, dragged down by weak overseas markets and disappointing individual earnings. The Hang Seng Index opened 212 points lower and continued to decline, closing down 454 points or 1.72% at 25,930; the Hang Seng China Enterprises Index fell 153 points or 1.65% to 9,174; and the Hang Seng Tech Index fell 111 points or 1.93% to 5,645. Total market turnover was HK$242.1 billion. XPeng Motors (9868), which plunged over 10% after announcing fourth-quarter revenue guidance of RMB 21.5 billion to RMB 23 billion, below market expectations of RMB 26 billion. China Hongqiao (1378) raised HK$11.7 billion through a 9.6% discount share placement, with its share price falling 5.9%.

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.