Market Insight

Market Roundup

The U.S. stock market was closed for a holiday yesterday. The Hang Seng Index opened slightly higher by 8 points at 18,036 points. However, the index fell by 229 points, or 1.27%, to 17,799 points at market close; the HSCEI Index fell 88 points, or 1.36%, to 6,382 points; Hang Seng Technology The index fell 53 points, or 1.45%, to 3,597 points. The total daily turnover of the market was HK$90.3 billion. AI concept stocks has cooled down, with SenseTime (20) and FOURTH PARADIGM (6682) fell 16% and 5.3% respectively. TingYi (322) raised the price of its flagship instant noodles starting this month, and its share price rose 1.6%.

Source: KGI Asia Investment Strategy

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