Market Insight

Half Day Roundup

US stocks performed well last night. The Hang Seng Index opened 274 points higher at 20,703 point, but narrowed its half-day gain to 145 points, close at 20,575. The China Enterprises Index rose 71 points or 1% to 6,928 point; the Hang Seng Technology Index rose 65 points or 1.6% to 4,191 point. Half-day market turnover was HK$55.1 bn. CRRC (1766) rose 4.8%. The three major Chinese telecommunications stocks all reach new high. China Unicom(762), the best performer, rose 2.9% to HK$6.26. Among technology stocks, Bilibili (9626) announced its results last night and its stock price rose by more than 9% today, making it the best performer in the Hang Seng Technology Index.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.