Market Insight

Market Roundup

Hong Kong stocks performed well today. The Hang Seng Index opened 4 points higher this morning and expanded its gains. It rose 275 points or 1.7% for the whole day to 16,438 points. The H-Share Index rose 110 points or 1.9% to 5,673 points. The Hang Seng Technology Index rose 88 points or 2.7%, reported 3,412 points. The total daily turnover of the market was HK$102.4 billion. JD.com (09618) announced its results after the market closed today, and its stock price rose 9.5%. EV Stock, Nio (9866) reported a non-IFRS loss of RMB 18.47 billion last year, and its stock price rose 7.8% throughout the day. Domestic demand stocks generally rose today, with Li Ning (2331) and China Resources Beer (0291) rising 3.7% and 6% respectively.

Source: KGI Asia Investment Strategy

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