Market Roundup

Hong Kong stock market rebounded in the morning session as market consensus for the rate cut intensified. The HSI opened 232 points higher and then extended its gains, rising 358 points or 1.4% to 25,578 at midday; the HSCEI rose 108 points or 1.2% to 9,028; and the HSTECH rose 88 points or 1.65% to 5,484. Total turnover was HK$130.6bn. Stocks announced for inclusion in the indices showed mixed performance today. Innovent Biologics (1801), which will be included in the HSI and HSCEI, rose 3.6%; while Hongqiao (1378), which was also included into HSCEI, fell 0.7%.

Source: KGI Investment Products and Solutions Department

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