Market Insight

Half Day Roundup

U.S. stocks performed well last night. The Hang Seng Index opened 57 points higher in the morning, opening at 16,154 points. The half-day gain expanded to 242 points to 16,339 points; the H-Share Index rose 82 points, or 1.5%, to 5,503 points; the Hang Seng Technology Index rose 62 points or 1.8%, quoted at 3,490 points. The total half-day turnover of the market was HK$45 billion. Institution gives positive outlook to WuXi’s. Today, WuXi Biologics (2269) and WuXi AppTec (2359) rose 8% and 4.7% respectively. In addition, Meituan (369) made its first shares its stock price rose 3.8% in half a day. As for consumer stocks, Haidilao (6862) also performed well, with its share price rose 8%.

Source: KGI Asia Investment Strategy

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