Market Roundup

The Hang Seng Index opened 68 points lower and then extended its losses, falling as much as 420 points to a low of 24,915 points. It closed the morning session down 347 points or 1.4% at 24,988 points; the Hang Seng China Enterprises Index fell 130 points or 1.5% to 8,452 points; and the Hang Seng Tech Index fell 105 points or 2.1% to 4,817 points. Total turnover for the morning session was HK$136.729 billion. Kuaishou (1024) reported a 16% increase in adjusted net profit in the fourth quarter of last year, nearing the upper limit of expectations, but management stated it would increase investment in AI, causing a 13.4% drop in its stock price.

Source: KGI Investment Products and Solutions Department

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