Market Roundup

Market Roundup

Hong Kong stock market fluctuated today. HSI fell 155 points in morning and once reached a low of 21,422. Later, it rose 114 points and reached a high of 21,691. HSI closed at 21,678, up 100 points or 0.5%. HSTECH closed at 4,524, up 24 points or 0.5%. HSCEI rose 26 points, or 0.4%, to 7,340. Market turnover was HK$127.8bn. Chinese government has approved 88 game licenses this month, and mobile game-related stocks performed well today. Share prices of Tencent (0700) and NetEase (9999) rose 1.7% and 6.5% respectively. Chinese consumption stocks generally fell. Want Want China (0151) and Budweiser Asia Pacific (1876) both fell 1.8% and 2.2% respectively.

Source: KGI Asia Investment Strategy

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