Market Insight

Market Roundup

The U.S. debt ceiling issue has progressed, U.S. stocks performed well last night. The Hang Seng Index opened 141 points higher to 19,703 points, and the increase expanded to 217 points to 19,778 points; the China Enterprises Index rose 94 points or 1.4% to 6,730 points; The Hang Seng Technology Index rose 67 points, or 1.7%, to 3,937 points. The market's half-day turnover was HK$ 57 bn. Alibaba (9988) rose 3% to HK$88 before the earning result release. Hua Hong Semiconductor (1347) The stock price rose 8.4% to HK$27.8 after its application for listing on the STAR Market in the SSE was approved. SMIC (981) rose 3.9% to HK$21.2.

Source: KGI Asia Investment Strategy

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