Market Insight

Half Day Roundup

The Hang Seng Index opened 85 points higher at 18,562 points, then fell 78 points or 0.4% in half a day to 18,399 points. The HSCEI Index fell 36 points, or 0.5%, to 6,519 points; the Hang Seng Technology Index fell 54 points, or 1.4%, to 3,786 points. The total half-day turnover of the market was HK$56.9 billion. Meituan (3690) announced its results last night. Although it overall beat expectations, its stock price remain volatile. The stock price fell 0.6% to HK$112. In addition, NIO (9866) also announced its results, the company's losses continued to expand, stock price fell 7.3% to HK$38.2.

Source: KGI Asia Investment Strategy

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