Market Insight

Market Roundup

China's manufacturing PMI index returned to above 50 at an expansion range. The Hang Seng Index opening 271 points higher at 16,812 points. The full-day increase expanded to 390 points, or 2.3%, to 16,931 points; the HSCEI rose 150 points, or 2.6%, to 5,961 points; Hang Seng Technology The index rose 65 points, or 1.9%, to 3,543 points. The total daily turnover of the market was HK$144.2 billion. Xiaomi (1810) released its first new energy vehicle, SU7, and the with its stock price rising 9% to HK$16.28. Ctrip (9961) benefited from Easter travel data, and its share price rose 9.2% to HK$377.

Source: KGI Asia Investment Strategy

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