Market Insight

Market Roundup

Mainland China is closed during the Mid-Autumn Festival holiday. The Hang Seng Index opened 112 points higher this morning, opening at 17,485 points. The half-day range expanded to 470 points, or 2.7%, to 17,843 points; the H-Share Index rose 167 points, or 2.8%, to 6,157 points; Hang Seng Technology The index rose 138 points, or 3.6%, to 3,916 points. The total half-day turnover of the market was HK$33.3 bn. The market rebounded, with major technology stocks Alibaba (9988), Tencent (700) and Meituan (3690) rising 3.6%, 2.8% and 3.7% respectively. New World (17) will announce its results soon and its share price rose 5.1% to HK$15.18.

Source: KGI Asia Investment Strategy

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