Market Roundup

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

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