Market Insight

Market Roundup

Markets were closed during the Mid-Autumn Festival holiday in the Mainland. The Hang Seng Index opened 112 points higher at 17,485 points. The full-day increase expanded to 436 points, or 2.5%, to 17,810 points; the H-Share Index rose 158 points, or 2.6%, to 6,148 points; Hang Seng Technology The index rose 142 points, or 3.8%, to 3,920 points. The total daily turnover of the market was HK$67.6 bn. The market rebounded, with heavyweight technology stocks Alibaba (9988), Tencent (700) and Meituan (3690) rising 3.1%, 2.9% and 3.4% respectively. New World Development (17) will announce its results and its share price rose 5.5% to HK$15.24.

Source: KGI Asia Investment Strategy

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