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, hitting a low of 23,163 points. It closed the day at 23,289 points, down 284 points or 1.2%. The China Enterprises Index dropped 127 points or 1.5% to 8,432 points, while the Hang Seng Tech Index fell 131 points or 2.5% to 5,170 points. Total market turnover for the day was HKD 271.5 billion. ZhongAn Online (6060), after several days of strong gains, retreated 8.5% for the day.

Source: KGI Investment Products and Solutions Department

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