Market Roundup

Market Roundup

Hong Kong stock market resumed trading after public holiday, and the index repeatedly fell. After the HSI opened 23 points lower, the decline expanded to 558 points and then rose 96 points at once. However, it still fell 159 points or 0.75% for today to close at 21,092; the HSCEI fell 40 points or 0.5% to close at 7,579; the HSTECH fell 67 points, or 1.4%, to close at 4,668. The total daily market turnover was HK$277.07bn. The Ministry of Finance said it would make good use of special bonds to acquire existing commercial housing. China real estate stocks generally performed well, with increases of more than 5%. Affected by lower-than-expected mainland CPI in September, domestic demand stocks generally fell, with Bud APAC (1876) and Yihai International (1579) all falling by nearly 6%.

Source: KGI Investment Strategy

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