Market Roundup

US stocks showed mixed results, while Hong Kong stock market fell in the morning. The HSI opened 129 points lower and then extended its losses, falling 329 points, or 1.3%, to 25,697. The HSCEI fell 128 points, or 1.4%, to 9,174, while the HSTECH dropped 127 points, or 2.1%, to 5,880. Market turnover narrowed to HK$128.1bn. Pop Mart (9992) saw its third-quarter revenue increase by 2.5x yoy, beating consensus. Several brokerages raised their target prices, sending its share price up 4.2%. China Telecom (0728) reported a 5% increase in net profit for the first three quarters, but its share price fell 0.4%. Gold prices experienced their largest single-day drop in over a decade, with Zijin Gold International (2259) falling 2.2%.

Source: KGI Investment Products and Solutions Department

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