Market Roundup

Half Day Roundup

The RMBUSD rose while Hong Kong stock market continued to perform well today. The HSI opened 21 points lower and then rebounded, rising 100 points or 0.6% at mid-day to 18,359. The HSCEI rose 47 points or 0.7% to 6,428. The HSTECH rose 26 points or 0.7% to close at 3,730. The total mid-day market turnover was HK$66.75bn. Home appliance stocks generally rose, with semi-new stock Midea (0300) rising 7.2% at mid-day. Haier Smart Home (6690) both rose 3.3%. It was reported that Xiaomi Motors plans to deliver end-to-end smart driving within the year, and Xiaomi (1810) rose 3.9%.

Source: KGI Investment Strategy

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