Market Insight

Market Roundup

Hang Seng Index was volatile, The Hang Seng Index opened 81 points lower at 18,015 points, it rose 2 points for half a day to 18,098 point. The H-Share Index fell 6 points or 0.1% to 6,293 points. Hang Seng Index The technology index rose 5 points, or 0.1%, to 4,088 point. The market turnover was HK$45.5 bn. Mainland property stocks continued to fluctuate, with Evergrande (3333) and Country Garden (2007) rose 14.3% and 4.8% respectively. In addition, the China Association of Automobile Manufacturers (CAAM) reported that sales of new energy vehicles in mainland China rose 27% year-on-year in August. BYD (1211) and Li Auto(2015) rose more than 3%.

Source: KGI Asia Investment Strategy

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