Market Insight

Market Roundup

The market is watching the US PCE inflation indicator. The Hang Seng Index opened 97 points higher at 18,580 points, the index once rose 185 points, but the market closed down 101 points or 0.5% at 18,382 points. The H-Share Index fell 24 points to 6,332 points. The Hang Seng Technology Index fell 16 points, or 0.4%, to 4,179 point. The market turnover was HK$ 136.5 bn. Ganfeng Lithium(1772)'s Mexican subsidiary's nine lithium mine concessions were cancelled, and the stock price fell 6.6%. In addition, Mengniu (2319) rose 5.6% after the announcement of its results, the best performing blue chip stock.

Source: KGI Asia Investment Strategy

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