Market Roundup

Market Roundup

Last Friday, U.S. stocks closed down. The Hang Seng Index opened 44 points lower at 18,846 points. Half day fell 27 points, or 0.1%, to 18,863 point; The China Enterprises Index rose 8 points or 0.1% to 6,403 points; the Hang Seng Technology Index rose 11 points or 0.3% to 3,890 points. The market's half-day turnover was HK$ 45.2 bn. Today, electric power stocks rallied. China Resources Power (836) rose more than 6%, China Power (2380) rose more than 5%, and China Longyuan Power (916) rose 3%. So as the power equipment counters, Goldwind Technology (2208) rose 12% to HK$5.4 in the half-day.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.