Market Roundup

Half Day Roundup

U.S. stocks rose before market closed. Hang Seng Index opened 48 points higher at 22,614 points, but turned down 12 points in half a day to 22,555 points. The China Enterprises Index rose 14 points to 7,720 points; the Hang Seng Technology Index rose 10 points to 4,774 points. Market turnover was HK$54.4 bn. Today, mainland Movies & Entertainment stocks under selling pressure, Huanxi Media (1003) fell 9.4%, and IMAX China (1970) fell 2.1%. Foreign media reported that China may consider imposing restrictions on the export of solar energy technology. Photovoltaic stocks fell. Xinyi Solar (968) and GCL Technology (3800) both fell more than 3%.

Source: KGI Asia Investment Strategy

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