Market Insight

Market Roundup

China's PMI index generally beat expectations. The Hang Seng Index opened 120 points lower at 16,391 points and closed at 16,589 points for the whole day, up 78 points or 0.47%. The HSCEI rose 51 points or 0.9% to 5,729 points; the Hang Seng Technology Index rose 57 points or 1.7%, reported at 3,488 points. The total daily turnover of the market was HK$121.8 billion. Today, the Hang Seng Index was mainly driven upward by Meituan (3690), with its stock price rising 10.8% to HK$88.4. In addition, New World (17) gave up its gains drove by HK Budget and fell 6.8% today to HK$9.2.

Source: KGI Asia Investment Strategy

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