Market Roundup

On the Hong Kong stock index futures settlement day, the Hang Seng Index opened 44 points lower, and then trended downward repeatedly, closing at 19,366 points for the whole day, down 236 points or 1.2%. The Hang Seng Technology Index reported at 4,308 points, down 66 points or 1.5%. The H-Share Index fell 103 points, or 1.4%, to 6,924 points. The total daily turnover of the market was HK$108.2 billion. Domestic demand stocks were under pressure, with Anta Sports (2020) falling 3.4% and China Resources Beer (291) falling 4.3%. On the first day of listing, Jiuyuan Gene (2566), a new stock, was overbought by more than 600 times, but its stock price fell 38%.

Source: KGI Investment Strategy

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