Market Insight

Market Roundup

U.S. stocks closed higher last night. The Hang Seng Index opened 166 points higher at 17,806 points. The full-day gain narrowed slightly to 133 points, or 0.7%, to 17,773 points; the H-Share Index rose 43 points, or 0.7%, to 6,092 points; Hang Seng Technology index rose 24 points, or 0.6%, to 3,836 points. The total daily turnover of the market was HK$63.5 bn. Today, Country Garden (2007) needs to pay US$15 million in bond interest after the 30-day interest grace period ends, and its stock price remains unchanged. China National Building Materials (3323) issued a profit warning, and its stock price fell slightly by 0.2%.

Source: KGI Asia Investment Strategy

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