Market Insight

Market Roundup

U.S. stocks developed individually. The Hang Seng Index opened 9 points lower this morning and closed at 18,919 points. The index once rose 242 points and then narrowed. It rose 137 points or 0.7% in half a day to 19,065 points; The H-Share Index rose 49 points, or 0.8%, to 6,413 points; the Hang Seng Technology Index rose 44 points, or 1.1%, to 4,108 points. The market's half-day turnover was HK$ 44.8 bn. Consumption stocks generally rose. China Resources Beer (0291), Xtep (1368) and Haidilao (6862) jumped 2% to 2.5%. Auto stocks showed individual developments. Xpeng(9868) rose 2.3%, while Geely (0175) and BYD (1211) fell 1.5% and 0.2%.

Source: KGI Asia Investment Strategy

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