Market Insight

Market Roundup

The Hang Seng Index opened flat this morning at 17,085 points and fell 94 points or 0.5% in half a day to 16,991 points. The China National Index fell 27 points or 0.46% to 5,827 points. The Hang Seng Technology Index fell 12 points or 0.3% to 3,688 points. The total half-day turnover of the market was HK$42.1 bn. Li Ning (2331) announced third-quarter operating data that was worse than market expectations, and its shares fell 18.5% to HK$24.6, dragging down peer Anta (2020) to fall 3.8%. The Hong Kong Stock Exchange (388) break record low and fell 2.2% to HK$272. The policy address was announced yesterday and the property related policy was lower than market expectations. Hang Lung (101) continued to fall by nearly 4% today.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.