Market Insight

Market Roundup

U.S. stocks closed higher last night. The Hang Seng Index opened 54 points higher at 17,250 points. The half-day gain expanded to 130 points, or 0.8%, to 17,326 points. The H-Share Index rose 51 points, or 0.8%, to 5,933 points. The Hang Seng Index rose 51 points or 0.8% to 5,933 points. The Hang Seng technology index rose 45 points, or 1.2%, to 3,797 points. The market turnover was HK$ 26.69 bn. Beer stocks rebounded today, with Budweiser Asia Pacific (1876) and China Resources Beer (291) rebound 4.6% and 2.5% respectively. In addition, the Hong Kong court approved Sunac's overseas debt restructuring plan, and the share price of Sunac China (1918) rose by more than 9.7%.

Source: KGI Asia Investment Strategy

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