Market Roundup

Market Roundup

US stocks turned around in a single day, and Hong Kong stocks opened higher. The Hang Seng Index opened 69 points higher, at 17,177 points, and rose 132 points, or 0.77%, to 17,240 points throughout the day; the HSCEI Index rose 35 points, or 0.6%, to 6,017 points; the Hang Seng Technology Index rose 24 points, or 0.7%, to 3,475 points . The total daily turnover of the market was HK$91.7 billion. After Starplus Legend (6683) plunged 72% yesterday, its stock price rebounded by nearly 30% today, closing up 11.6% for the day. After WuXi's stock price suffered a setback after the U.S. Biotechnology Act was passed, the stock prices of WuXi AppTec (2359) and WuXi Biologics (2269) continued to rebound by 5.9% and 3.4% today.

Source: KGI Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.