Market Roundup

Market Roundup

Hong Kong stock market followed the weakness of A-shares today. The HSI opened 14 points lower and then fell repeatedly, falling 158 points or 0.9% today to close at 17,311; the HSCEI fell 52 points or 0.9% to close at 6,142; the HSTECH fell 53 points or 1.5%, closing at 3,491. The total daily market turnover was HK$86.9bn. Chip equipment stock ASMPT (0522) announced half-year results, in which third-quarter revenue guidance was lower than expected, and its stock price fell 23.1%. NetEase (9999)'s mobile game " NARAKA: BLADEPOINT " has more than 40mn pre-registered players for the public beta, and its stock price rose 4.6%.

Source: KGI Asia Investment Strategy

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