Market Insight

Market Roundup

U.S. stocks performed well. The Hang Seng Index opened 86 points higher at 19,915 point, the day-to-day increase expanded to 211 points or 1.1% to 20,040 point; the H-Share Index rose 60 points or 0.9% to 6,833 point; the Hang Seng Technology Index rose 35 points or 0.8%, to 4,233 point. The market turnover was HK$ 175.5 bn. The market pricing China will announce stimulus to stimulate the economy, and infrastructure stocks performed well. China Communications Construction (1800) and China Railway Construction (1186) rose 4.5% and 5.5% respectively. BeiGene (6160) rebounded 6.1% today after its stock price plummeted yesterday.

Source: KGI Asia Investment Strategy

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