Market Insight

Market Roundup

The United States released the latest inflation data last night, with core CPI falling to 4.3% year-on-year as expected. The Hang Seng Index opened 93 points higher at 18,102 points. It closed at 17,969 points in half a day, down 40 points or 0.2%. The Hang Seng Technology Index was unchanged at 4,041 points. The H-Share index was unchanged at 6,234 points. The market turnover was HK$42.48 bn. Mainland property developers fell, with Evergrande (3333) falling nearly 9% and Sunac (1918) falling more than 9%. For Sports goods, Li Ning (2331) fell more than 4% with a record low, while Anta (2020) stock price closed at HK$88 for half a day, with no rise and fall.

Source: KGI Asia 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.