Market Roundup

Market Roundup

The three major U.S. stock indexes closed up. The Hang Seng Index opened at 17,992 points in the early session, up 147 points. The index continued to increase to 18,187 points, up 341 points. The H-Share Index rose 136 points, or 2.2%, to 6,254 points. The HSTECH index rose 129 points to 4,138 point. The half-day turnover of the market was HK$ 51.9 bn. MINISO (9896) shown well performed earning result and stock price rose for several days in a row. Today's share price rose another 5.4% to HK$47.05. AAC Technologies (2018) fell 3.7% to HK$15.84 before the results. In addition, sporting goods stocks performed well today, Anta (2020) rose 4.7%, Li Ning (2331) and Xtep (1368) rose more than 3% respectively.

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.