Market Roundup

Market Roundup

After a meeting with Republican House Speaker McCarthy, Biden said the discussions had been productive but an agreement had yet to be reached. The Hang Seng Index opened 35 points higher at 19,713 points, then fell 114 points in half a day to 19,564 points; the H-Share Index fell 28 points or 0.4% to 6,666 points; the Hang Seng Technology Index fell 10 points or 0.2% to 3,894 points. The market turnover was HK$ 41 bn. Kuaishou (1024) rose 4.7% after the results to close at HK$56. Hansoh Pharmaceutical (3692) closed at 13.76 yuan, up 4.7%, the best performing blue chip stock.

Source: KGI Asia Investment Strategy

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