Market Roundup

Market Roundup

China halved the stamp duty on Monday, and there was also news in Hong Kong that it was studying to increase market liquidity, driving the HSI to open at 18,519 points when market opened, up 563 points. However, the upward trend narrowed sharply afterwards. The HSI closed at 18,130 today, up 174 points or 1.0%. The HSTECH closed at 4,127, up 68 points or 1.7%. The HSCEI rose 70 points, or 1.1%, to 6,246. Market turnover was HK$101.02bn. The market looks forward to the follow-up plan to increase stock liquidity, and the share price of HKEx (388) rose 3.3% to HK$297.2.

Source: KGI Asia Investment Strategy

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