Market Insight

Market Roundup

Hong Kong stocks retreated on the second trading day in September. The Hang Seng Index opened 127 points lower at 18,717 points, market closed at 18,457 points, down 387 points, or 2%. The H-Share Index fell 136 points, or 2.1%, to 6,397 point. The ang Seng Technology The index fell 111 points, or 2.6%, to 4,193 point. The market turnover was HK$101.5 bn. Mainland real estate stocks generally fell today, with China Resources Land (1109) falling 5% and China Overseas Holdings (688) falling 3.9%. In addition, L'Occitane (973) decided not to propose a full acquisition, and its stock price fell 17% when it resumed trading today.

Source: KGI Asia Investment Strategy

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