Market Roundup

Market Roundup

U.S. stocks rose. The Hang Seng Index opened 51 points higher this morning, at 19,003 points. The index once rose 264 points and then retreated. It rose 49 points, or 0.3%, to 19,001 points in half a day. The H-Share Index rose 26 points, or 0.4%, to 6,408 points. The Hang Seng Technology Index fell 12 points, or 0.3%, to 4,103 points. The market's half-day turnover was HK$ 59 bn. Sunny Optical (2382) announced a profit warning, and its stock price fell 13.2% to HK$67.7. Vinda (3331) announced its interim results on the same day. Net profit fell by 81%, and its stock price fell 1.3% to HK$18.

Source: KGI Asia Investment Strategy

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