Market Insight

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

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