Market Insight

Market Roundup

China official June manufacturing PMI index beat consensus, and Hong Kong stocks performed well today. The HSI rise above 19,000 points at the opening and continued its upward trend. It rose 327 points or 1.7% in midday to close at 19,243. The HSTECH closed at 4,037, up 125 points or 3.2%. The HSCEI rose 142 points, or 2.2%, to 6,567. Market turnover was HK$43.82bn. Today, the China new energy vehicle sector is generally positive. Li Auto (2015), XPEV (9866) and NIO (9866) rose between 5.5% and 11.9%, while BYD (1211) rose 2.7%.

Source: KGI Asia Investment Strategy

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