Market Insight

Market Roundup

The U.S. government put pressure on its allies to restrict the flow of advanced chips to China, and global chip stocks generally retreated. The Hang Seng Index opened 86 points lower at 17,653 points, it rose 39 points, or 0.2%, to 17,778 points at market close. The HSCEI rose 9 points, or 0.1%, to 6,307 points. The Hang Seng Technology Index fell 27 points, or 0.8%, to 3,613 points. The total daily turnover of the market was HK$ 87.5 billion. Amid the pressure on global chips, while Semiconductor Manufacturing International Corporation (981) rose 0.8%. Nongfu Spring (9633) water quality inspection controversy came to an end, and its stock price rebounded 6.5%.

Source: KGI Asia Investment Strategy

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