Market Insight

Half Day Roundup

U.S. stocks performed well. The Hang Seng Index opened 135 points higher at 20,947 points, the half-day rally expanded sharply to 480 points and closed at 21,292 points. The China Enterprises Index rose 187 points or 2.7% to 7,205 point; the Hang Seng Technology Index rose 178 points or 4.2% to 4,467 point. In the half-day market turnover was 63.9 bn Hong Kong dollars. The China Securities Regulatory Commission still allows existing chinese investors to carry out transactions in Hong Kong. Bright Smart(1428) rebounded 5.5% today to HK$1.54. In addition, today's technology stocks clearly drove the trend of Hong Kong stocks. Lenovo (992), JD.com (9618) and Ali Health (241) all rose by more than 7%.

Source: KGI Asia Investment Strategy

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