Market Insight

Market Roundup

In the early stage, the Hong Kong stock market benefited from Alibaba (9988)'s better-than-expected performance, which drove the Hang Seng Index to open 72 points higher, at 19,320 points, but the upward trend did not continue, and it fell 120 points or 0.6% in half a day, to 19,128 points;The H-Share Index fell 71 points, or 1.1%, to 6,557 points; the Hang Seng Technology Index fell 82 points, or 1.9%, to 4,296 points. The market's half-day turnover was HK$ 52.8 bn. Driven by the results, Alibaba (9988) its stock price rose 2.4% to HK$96.6. On the other hand, Country Garden (2007 share price continued to fall by 8.6% to HK$0.95 with a new record low.

Source: KGI Asia Investment Strategy

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