Market Insight

Half Day Roundup

Hong Kong stock market continued to fluctuate today. The HSI opened 138 points lower and then narrowed its losses. It fell 3 points in half a day to 18,069. The HSCEI rose less than 1 point to 6,465. The HSTECH rose 10 points or 0.3% , reported 3,665. The total half-day turnover of the market was HK$48.01bn. A total of 104 domestic games were approved in June, including Tencent (0700), and the company's share price fell 0.6%. NetEase (9999)'s mobile game "NARAKA: BLADEPOINT" will be launched in public beta on July 25, and its stock price rose 4.4%. Berkshire reduced its holdings in BYD (1211) last Wednesday, with its shareholding falling to 5.99%. BYD's stock price flat today.

Source: KGI Asia Investment Strategy

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