Market Roundup

The Central Economic Work Conference was held in Beijing a few days ago. The lack of specific figures disappointed the market, and Hong Kong stock market fell today. After opening 158 points lower, the HSI expanded its losses and closed down 339 points, or nearly 1.7%, at 20,057 at mid-day. The HSCEI closed at 7,221, down 138 points or 1.9%. The HSTECH closed at 4,510, down 89 points or nearly 2%. The mid-day market turnover was HK$76.81bn. Domestic demand stocks generally fell, with stocks such as Budweiser Asia Pacific (1876), Haidilao (6862) and Anta (2020) falling between 2.6% and 5.7%.

Source: KGI 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.