Market Roundup

Half Day Roundup

Hong Kong stock market resumed trading after public holiday, and the index repeatedly fell. After opening 23 points lower, the HSI extended its decline to 558 points and then rose 48 points at once. However, it still fell 87 points or 0.4% at mid-day to 21,164; the HSCEI fell 13 points or 0.2% to 7,607. The HSTECH fell 77 points, or 1.6%, to 4,658. The total mid-day market turnover was HK$172.28bn. The Ministry of Finance said it would make good use of special bonds to acquire existing commercial housing. China property stocks generally performed well, with gains ranging from 4.2% to 5.7%. Affected by lower-than-expected China CPI in September, domestic demand stocks generally fell, with Bud APAC (1876) and Yihai International (1579) all falling by nearly 6%.

Source: KGI Investment Strategy

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