Market Roundup

Market Roundup

The US dollar index continued to rise, and Hong Kong stock market fluctuated today. The HSI opened 122 points lower this morning and the decline intensified. It fell 183 points at mid-day. However, the index suddenly rebound before the market closed and the HSTECH fell 23 points or 0.65%, closing at 3,677. The total daily turnover of the market was HK$96.47bn. Haidilao (6862) announced a change in CEO, and its stock price fell 2.8% today. Midea Real Estate (3990) plans to divest its real estate development business and plan to distribute RMB 5.9 per share or in-kind distribution. Its stock price rose 69.9%.

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.