Market Roundup

Market Roundup

U.S. stocks were closed for the Thanksgiving holiday on Thursday. Hong Kong stocks opened 140 points lower this morning, at 17,771 points. The half-day decline further expanded to 247 points, or 1.4%, to 17,663 points. The H-Share Index fell 95 points, or 1.6%, to 6,075 points; the Hang Seng Technology Index fell 66 points, or 1.6%, to 4,050 points. The total half-day turnover of the market was HK$41.3 billion. Chow Tai Fook (1929) mainland same-store sales fell sharply, and the stock price fell 9.5% to HK$10.9. China property stocks gave up gains today, with Country Garden (2007) fell 6.7% and CIFI (884) fell 5%.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.