Market Insight

Half Day Roundup

Hong Kong stocks fell first and then recovered today. The HSI opened 59 points lower and then rose 134 points to exceed 19,000. It rose 88 points, or 0.5%, to 19,052 points at mid-day; the HSCEI rose 26 points, or 0.4%, to 6,745; the HSTECH rose 40 points, or 1%, to 4,002. The total mid-day turnover of the market was HK$79.06bn. Chinese technology stocks generally rose, with Alibaba (9988) and Tencent (0700) rising 4.1% and 1.3% respectively. Ping An of China (2318) reduced its holdings in HSBC (0005), which fell 0.4% at mid-day.

Source: KGI Asia Investment Strategy

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