Market Insight

Market Roundup

This year's Lujiazui Forum opens today. The market is looking forward to the release of major policies, and Hong Kong stock market performed well today. The HSI opened 140 points higher and expanded its gains, rising 514 points or 2.9% today to close at 18,430; the HSCEI rose 219 points or 3.5% to close at 6,587; the HSTECH rose 135 points or 3.7% to close at 3,832. The total daily turnover of the market was HK$112.76bn. “Chinese special valuation” concept stocks generally rose, with the four major banks rising between 3.2% and 3.7% today. Lenovo Group (0992) rose 9.0% today, becoming the best-performing blue-chip stock.

Source: KGI Asia Investment Strategy

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