Market Roundup

Hong Kong stock market rebounded after falling for three consecutive trading days. The HSI opened 184 points higher and the increase narrowed slightly, closing at 19,864, up 164 points or 0.8%. The HSTECH closed at 4,468 points, up 79 points or 1.8%. The HSCEI rose 75 points or 1.1% to 7,180. The market turnover narrowed to HK$107.54bn. China Hongqiao (1378) issued a positive profit warning, expecting full-year net profit to increase by 95%. The stock price rose 0.9% today.

Source: KGI 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.