Market Roundup

Market Roundup

The Hang Seng Index opened 179 points higher in the early morning, at 18,409 points, and fell 150 points or 0.8%, to 18,079 point; the China National Index fell 70 points, or 1.1%, to 6,392 points; the Hang Seng Technology Index fell 62 points, or 1.6%, to 3,690 points. The quarterly review of the MSCI index came into effect, and the total market turnover rose to HK$191.7 billion. AKESO (9926)'s stock price surged 37.5%, driven by news of significant clinical trial benefits. Alibaba Health (241) shares hit a new high this year and then softened, fell 8.6%. In addition, the share price of coal stock China Shenhua (1088) hit a new high, rose 1.2% to HK$37.95.

Source: KGI Asia Investment Strategy

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