Market Insight

Market Roundup

The Federal Reserve kept interest rates unchanged, while Hong Kong stocks had a good start to February. The Hang Seng Index opened 38 points higher at 15,522 points, it rose 81 points to 15,566 points. The H-share index rose 29 points or 0.5% to 5,223 points; the Hang Seng Technology Index rose 60 or 2% to 3,066 points. The total turnover of the market was HK$94.9 billion. WuXi XDC (2268) expects net profit to increase by 80% last year, and its stock price rose 7.3%. WuXi Biologics (2269) and WuXi AppTec (2359) rebounded 3.2% and 2.7%. The best-performing sectors today were consumer stocks, with Li Ning (2331) and Haidilao (6862) rising 6.1% and 4.6% respectively.

Source: KGI Asia Investment Strategy

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