Market Roundup

The Hong Kong stock market fell by more than 300 points in the first half of the day. The Hang Seng Index opened 186 points lower at 19,501 points. The early decline narrowed to 19 points, reaching a low of 19,668 points, but then fell again. The Hang Seng Index dropped 379 points in the first half of the day, closing at 19,309 points, with a turnover of 115.5 billion HKD. Tencent (700) was included in the list of Chinese military companies by the U.S. Department of Defense, causing its stock price to drop by 6.8%. Additionally, there are market concerns that the U.S. may expand the scope of sanctions. Xiaomi (1810), which was previously removed from the U.S. sanctions list, also saw its stock price fall by 8.1%.

Source: KGI Investment Strategy

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