Market Insight

Half Day Roundup

After rising for 10 days in a row, the Hang Seng Index softened slightly today. The Hang Seng Index fell slightly by 1 point, opening at 18,577 points. It fell 158 points or 0.85% in half a day to 18,420 points; the HSCEI Index fell 55 points or 0.84% to 6,517 points; the Hang Seng Technology Index fell 79 points, or 2%, to 3,928 points. The total half-day turnover of the market was HK$62.9 billion. Meituan (3690) fell nearly 4%, NetEase (9999) fell 4%, and Alibaba (9988) fell more than 2%. Kingboard Laminates (1888) and Pop Mart (9992) outperformed the market and rose 9.4% and 4.4% respectively.  

Source: KGI Asia Investment Strategy

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