Market Insight

Market Roundup

The market is waiting for the US inflation data to be released tonight. The Hang Seng Index opened 71 points higher at 21,236 points and closed at 21,114 points, down 51 points. The H-Share Index fell 34 points, or 0.5%, to 7,110 point; the Hang Seng Technology Index fell 44 points, or 1.0%, to 4,331 point. The market turnover was HK$97.6 bn. Wharf Real Estate (1997), whose share price fell yesterday due to the announcement of a profit warning, rebounded today, up 1.75% to HK$43.6. The biomedical sector was weak, with WuXi Biologics (2269) and GenScript (1548) both down nearly 4%.

Source: KGI Asia Investment Strategy

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