Market Roundup

The U.S. Federal Court of Appeals has approved the Trump administration's request to suspend a lower court's ruling, temporarily reinstating Trump's tariffs. Hong Kong stocks came under pressure, with the Hang Seng Index opening 233 points lower and falling as much as 410 points before noon to a low of 23,163. It closed the morning session at 23,224, down 348 points or 1.48%. The China Enterprises Index dropped 146 points or 1.71% to 8,413, while the Hang Seng Tech Index fell 134 points or 2.55% to 5,166. The total market turnover for the morning session was HKD 118.9 billion. ZhongAn Online (6060), after days of excessive trading, retreated 14% in the morning session.

Source: KGI Investment Products and Solutions Department

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