Market Insight

Half Day Roundup

Heavyweight technology stocks are about to announce their earnings results. The Hang Seng Index continued to open 89 points higher at 19,273 points. The index was slightly volatile in the morning, falling 25 points or 0.13% to 19,090 points in the first half of the day; the HSCEI Index fell 4 points or 0.06%, reported 6,758 points; the Hang Seng Technology Index rose 39 points, or 1%, to 4,058 points. The total half-day turnover of the market was HK$82 billion. In terms of individual stocks, Xinyi Glass(868) was downplayed by major banks, and its stock price fell 7.5%. Macau gambling stocks softened, with Sands (1928) and Galaxy Entertainment (27) falling 2.1% and 3.1% respectively. Xiaomi's(1810) continued it momentum and its stock price rose another 3.1%.

Source: KGI Asia Investment Strategy

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