Market Insight

Market Roundup

The heavyweight technology stocks are about to announce earnings results. The Hang Seng Index continued to open 89 points higher at 19,273 points. The index trend was slightly reversed, fell 41 points or 0.22% throughout the day to 19,074; the H-Share Index fell 20 points or 0.3%. reported 6,741 points; the Hang Seng Technology Index rose 23 points, or 0.6%, to 4,041 points. The total daily turnover of the market was HK$143.1 billion. In terms of individual stocks, Xinyi Glass (868) was downplayed by major banks and its share price fell 9.6%. Macau gambling stocks softened, with Sands (1928) and Galaxy Entertainment (27) falling 2.1% and 3.9% respectively. Xiaomi's (1810) continued it momentum and its stock price rose another 3.2%.

Source: KGI Asia Investment Strategy

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