Market Insight

Market Roundup

China's CPI rose slightly by 0.1% year-on-year, and the PPI fell 0.5% Mom, ending the two consecutive month of remain flat MoM, down 3.6% year-on-year. The Hang Seng Index opened 81 points higher and then turned down. It fell 18 points or 0.1% to 19,744 points throughout the day. The H-Share Index rose 12 points or 0.2% to 6,695 points; the Hang Seng Technology Index rose 51 points or 1.3% to 3,863 points. The total daily turnover of the market was 97.1 billion yuan. Li Auto (2015) performed well after the results, up 17% to HK$115.9. Alibaba (9988) rose 3.1% to HK$82.65. Hua Hong Semiconductor (1347) edged up 0.2% to HK$27.95 after announced its quarterly results.

Source: KGI Asia Investment Strategy

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