Market Roundup

Market Roundup

The Hang Seng Index opened lower by 249 points at 17,584 points, the day's decline further expanded to 378 points, or 2.1%, to 17,454 points; the H-Share Index fell 142 points, or 2.3%, to 5,974 points; the Hang Seng Technology Index fell 69 points, or 1.7 %, reported at 3,980 points. The total daily turnover of the market was nearly HK$98 billion. In terms of sectors, mobile phone equipment stocks rallied and rose today after their share prices were under pressure yesterday. Xiaomi (1810) and Sunny Optical (2382) rose 1.5% and 0.7% respectively. Alibaba (9988)'s share price fell by nearly 10% due to suspension on Subsidiary IPO plans and the Family Trust plans to sell shares.

Source: KGI Asia Investment Strategy

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