Market Roundup

Hong Kong stocks traded in a volatile range throughout the day, opening higher but then falling. The Hang Seng Index opened 99 points higher and rose 139 points in the early session before selling pressure emerged, causing it to fall as much as 137 points. It recovered in the late session to close at 26,696 points, up 47 points or 0.18%. The Hang Seng China Enterprises Index rose 18 points or 0.19% to 9,461 points; the Hang Seng Tech Index rose 9 points or 0.15% to 5,924 points. The total turnover of the market was HK$210.2 billion. XPeng Motors (9868) saw its share price surge 18% after releasing its second-generation VLA large model and humanoid robot and other innovative technologies at its Tech Day event, marking its biggest single-day gain in two years. HSBC (0005) and AIA (1299) hit new highs, supporting the market. E-commerce stocks were under pressure on Singles' Day, with Alibaba (9988) and JD.com (9618) falling 1.8% and 1.1% respectively, dragging down the performance of technology stocks.

Source: KGI Investment Products and Solutions Department

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