Market Roundup

The market focused on the U.S. tariff policy, and the Dow Jones Index fell 0.4%. The producer price index in mainland fell more than expected last month, and Hong Kong stocks were soft in the morning. The Hang Seng Index opened 86 points lower and then extended its decline, falling 298 points to 23,849 points, and down 177 points or 0.7% to 23,970 points in the half-day. HSCEI fell 66 points or 0.8% to 8,642; The Hang Seng Tech Index fell 60 points, or 1.1%, to 5,265. The total half-day turnover of the market was 122.385 billion yuan. In terms of technology stocks, Alibaba (09988) fell 3.6%, Tencent (00700) fell 1.8%, SMIC (00981) fell 2.3%, Kuaishou (01024) and Bilibili (09626) both fell 2.6%, Meituan (03690) fell 2.3%, Baidu (09888) fell 0.8%, JD.com (09618) fell 1.4%, and NetEase (09999) fell 3.1%. In addition, Weimob (02013) rose 4.4% and NetEase Cloud Music (09899) rose 5.1%. In terms of EV stocks, BYD (01211) fell 1.3% and Xiaomi (01810) fell 2.3%. Geely (00175) rose by 2.7%. Battery stocks CATL (03750) rose by 6.9%.

Source: KGI Investment Products and Solutions Department

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