Market Insight

Market Roundup

Yesterday, the US stock index closed lower. The Hang Seng Index opened 229 points higher at 20,123 points. The index once rose 392 points and then softened. It rose 39 points or 0.2% to 19,934 points. The China Enterprises Index fell 22 points or 0.3% to 6,680 points; the Hang Seng Technology Index fell 3 points or 0.1% to 3,898 points. The market turnover was HK$75.4 bn. Gambling stocks performed well, with Galaxy Entertainment (27) up 2.2%, Sands China (1928) up 1.8% and Melco (200) up 3.6%. HSBC (5) rose 4.4% to HK$58.65 after the quarterly result released.

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.