Market Insight
Market Roundup
The Hang Seng Index opened 49 points lower in the early session and closed at 19,356 points. Later, the decline widened to a maximum of 131 points, and rose 79 points or 0.4% in half a day to 19,483 points; The China Enterprises Index rose 26 points or 0.4% to 6,612 points; the Hang Seng Technology Index rose 83 points or 2.1% to 4,028 points. The market's half-day turnover was HK$ 46.9 bn. Shanghai will hold an artificial intelligence framework ecological summit on 16th June, and artificial intelligence concept stocks are now hyped. Baidu (9888) rose 4.2% to HK$137.2, and SenseTime (0020) rose 6% to HK$2.3.
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.