Market Roundup

Market Roundup

The Hang Seng Index fell for three days in a row. It opened 171 points lower at 19,024 points. The index's decline once expanded to 419 points. The market closed down 327 points at 18,869 points; the HSCEI Index fell 116 points or 1.7% to 6,702 points; the Hang Seng Technology Index fell 96 points, or 2.4%, to 3,896 points. The total daily turnover of the market was HK$129.9 billion. The selling pressure on Link REIT (823) continued, falling another 3.6% to HK$33.5 today. The stock prices of NetEase (9999) and Xiaomi (1810), which will be announced after the market close today, were also soft, fell 7.9% and 2.6% respectively.

Source: KGI Asia Investment Strategy

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