Market Insight

Market Roundup

On the last trading day of August for Hong Kong stocks, today’s rally was driven by technology stocks. The Hang Seng Index opened 8 points higher, at 17,794 points, and the day's gain expanded to 203 points, or 1.1%, to 17,989 points; the HSCEI Index rose 84 points, or 1.3%, to 6,331 points; the Hang Seng Technology Index rose 99 points, or 2.8%, to 3,560 points, the market’s total trading volume for the day was HK$173.5 billion. Meituan (3690)'s share price continued to rise following its earnings results, rose another 2.2% today. Li Auto (2015) rebounded 7.8% today, and BYD Electronics (285) also rebounded 3.8%.

Source: KGI Investment Strategy

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