Market Roundup

Half Day Roundup

Hong Kong stocks continued yesterday's selling pressure today. The Hang Seng Index opened 121 points higher at 22,190, it turned down 280 points to 21,798 point. The China Enterprises Index fell 95 points or 1.3% to 7,401 point; the Hang Seng Composite Index fell 73 points or 1.6% to 4,507 point. The market's turnover was HK$87.7 bn. BYD (01211) rose 3% to HK$247.2 after the positive earning alert. Tencent (700) and Alibaba (9988) fell more than 2%. On the other hand, WuXi AppTec (2359) is expected to increase its net profit by 72.9% YoY in 2022, but its share price still fell 3.4% to HK$100.2.

Source: KGI Asia Investment Strategy

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