Market Roundup

Market Roundup

U.S. stocks closed lower last night. The Hang Seng Index opened 175 points lower at 18,037 points. The market closed fell 256 points or 1.4% to 17,956 points. The China Enterprises Index fell 92 points, or 1.5%, to 6,175 points. The Hang Seng Technology Index fell 99 points, or 2.4%, to 4,059 points. The market turnover was HK$ 81.3 bn. ENN Energy (2688) announced its semi-annual results, turnover fell 7%, share price fell 16%. Netease (9999) quarterly revenue from games and related value-added services declined in the second quarter, and its stock price fell 6.7% throughout the day. AAC TECH (2018) continued its downtrend, fell another 3.5%.

Source: KGI Asia Investment Strategy

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