Market Roundup

China and the U.S. agreed to hold a new round of trade consultations as soon as possible, with the market awaiting the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China to discuss economic measures. Hong Kong stock market rebounded in the morning, with the HSI opening 637 points higher before weakening. The HSI rose 607 points, or 2.4%, to 25,854 at the mid-day. The HSCEI rose 221 points, or 2.5%, to 9,233, and the HSTECH rose 184 points, or 3.2%, to 5,945. Market turnover totaled HK$145.42bn at the mdi-day. Leapmotor (9863) saw its share price rise 7.5% after Chairman and main shareholder increased their holdings. Robot manufacturer UBTECH Robotics (9880) won a RMB126mn order, sending its share price up 8.3%.

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.