Market Roundup

Half Day Roundup

U.S. stocks rose. The Hang Seng Index opened 163 points higher this morning, closing at 21,599 points. The trend weakened in half a day, falling 70 points, and closing at 21,365 points. The China Enterprises Index fell 39 points or 0.5% to 7,271 point; the Hang Seng Technology Index fell 86 points or 1.9% to 4,461 point. Half-day market turnover was HK$93.6 bn. Heavy technology stocks followed the market and turned ATM down, falling 3.2%, 3.5% and 1.1% in half a day. BYD (1211) intends to enter the Indian market, its share price rose 5.8% to HK$229.8. In addition, Zhou Hei Ya (1458) clarified recent rumors, but its share price still fell 3.1% to HK$4.36.

Source: KGI Asia 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.