Market Insight

Half Day Roundup

On the last trading day of August for Hong Kong stocks, today’s rally was driven by technology stocks. The Hang Seng Index opened 8 points higher, at 17,794 points, and its half-day gain expanded to 322 points, or 1.8%, to 18,108 points; the HSCEI Index rose 122 points, or 1.9%, to 6,369 points; the Hang Seng Technology Index rose 106 points, or 3.1%, to 3,568 points, and the market’s half-day total turnover was HK$67.5 billion. Meituan (3690)'s share price continued to rise following its earnings results, rising another 3% today. Li Auto (2015) rebounded 8.9% today, and BYD Electronics (285) also rebounded 9.5%.

Source: KGI Investment Strategy

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