Market Roundup

Half Day Roundup

Global stock markets were under pressure. The Hang Seng Index opened 50 points lower at 17,261 points, the decline expanded significantly and once test 17000 point. It fell 246 points or 1.4% in half a day to 17,065 points; the HSCEI Index fell 106 points or 1.7% to 6,036 points; the Hang Seng Technology Index fell 52 points, or 1.5%, to 3,439 points. The total half-day turnover of the market was HK$57.2 billion. Technology stocks were under significant pressure today, with Tencent (700) and Meituan (3690) fell 2.1% and 4.7% respectively. During the Asian trading session, international gold prices suffered a setback, with SPDR Gold ETF (2840) fell 1.6% and Zijin Mining (2899) fell 4.4%.

Source: KGI Asia Investment Strategy

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