Market Insight

Market Roundup

The Hang Seng Index opened 181 points lower, at 16,077 points, and ended the day down 373 points, or 2.3%, at 15,703 points; the China National Index fell 133 points, or 2.4%, at 5,275 points; the Hang Seng Technology Index fell 104 points, or 3.3%, at 3,099 points. The total daily turnover of the market was HK$94.8 billion. BYD (1211) last year's fourth quarter results were worse than expected, and its stock price fell 4.4%. Evergrande (3333) was ordered by the High Court to enter into liquidation process and continue to be suspended from trading. Evergrande vehicle (708) and Evergrande services(6666) resumed trading. The former rose 4.4%, while the latter fell 3.8%.

Source: KGI Asia Investment Strategy

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