Market Roundup

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

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