Market Roundup

Hong Kong stocks rebounded in the morning session on rumors of easing tensions in the Middle East. The Hang Seng Index opened 331 points higher and extended its gains, reaching a high of 25,872 points at one point. It closed the morning session up 396 points, or 1.56%, at 25,804 points; the Hang Seng China Enterprises Index rose 91 points, or 1.07%, to 8,673 points; and the Hang Seng Tech Index gained 1.4% to 5,010 points. Total turnover for the morning session reached HK$172 billion. Among individual stocks, CATL (3750) was favored by the market after announcing its results, surging 8.75% in the morning session, making it the best-performing blue chip. Tencent (0700) was favored by brokers for launching its AI smart assistant, with its share price rising 5.72%. Affected by the sharp drop in international oil prices, PetroChina (0857) fell 2.54% in the morning session, becoming the biggest loser among blue chips.

Source: KGI Investment Products and Solutions Department

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