Market Roundup

Market Roundup

The Hang Seng Index opened 18 points lower at 17,328 points, and closed the day down 39 points or 0.2% at 17,305 points. The HSCEI Index fell 21 points or 0.3% to 6,086 points, and the Hang Seng Tech Index dropped 40 points or 1.1% to 3,476 points. The total market turnover for the day was HKD 94 billion. The market expects sportwear sales under-pressure, with Li Ning (2331) and Topsports (6110) share price fell by 4.5% and 1.7%, respectively. Budweiser APAC (1876) earnings worse than expected, with its share price dropped by 1.2%. Sales of the top 100 real estate companies in mainland China fell by 40% year-on-year in the first seven months, with Yuexiu Property (123) fell by 9%.

Source: KGI Asia Investment Strategy

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