Market Insight

Market Roundup

Investors are betting that the Federal Reserve's tightening of monetary policy is nearing its end. The Hang Seng Index opened 176 points higher to 17,406 points. The Hang Seng Index rose 356 points or 2.1% in half a day to 17,587 points. The H-Share Index rose 109 points or 1.8% to 6,020 points. The Hang Seng Technology Index rose 88 points or 2.3%, at 3,901 points. The total half-day turnover of the market was HK$48.2 billion. New World Development (17) general meeting approved the sale of NWS shares, and the stock price rose 4.4%. In addition, Sino biopharm (1177) rose by more than 7%, Link (823) continued to rise by more than 3%, and HKBN (1310) rose by more than 21%.

Source: KGI Asia Investment Strategy

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