Market Insight

Market Roundup

The U.S. Department of Commerce added 11 Chinese entities to the export blacklist. The Hang Seng Index opened 67 points lower at 17,661 points, the decline expanded. It fell 149 points or 0.8% in half a day to 17,580 points; the HSI fell 55 points or 0.9%. reported 6,074 points; the Hang Seng Technology Index fell 43 points, or 1.1%, to 3,840 points. The total half-day turnover of the market was HK$ 38.7 bn. This performance of ND Paper (2689) was the first time since its listing 17 years ago that it recorded a loss and planned not to offer full-year dividend. The stock price fell 2.2% to HK$4.42. Chow Tai Fook (1929) found support at HK$11 in the past trading week. Today its stock price rose 4.3% to HK$11.62, making it the best-performing blue chip stock.

Source: KGI Asia Investment Strategy

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