Market Insight

Market Roundup

The central government held a Politburo meeting yesterday, in which it was mentioned that multiple industries provide development directions. The Hang Seng Index opened 504 points higher this morning at 19,172 points, and the index increased by as much as 660 points, half day closing at 19,259 point, rose 590 or 3.2%. The China Enterprises Index rose 254 points or 4.1% to 6,525 points; the Hang Seng Technology Index rose 185 points or 4.6% to 4,200 points. The market's half-day turnover totaled 73.8 billion yuan. In terms of real estate, the meeting pointed out that real estate policies should be optimized. Longfor (960) and Country Garden (2007) rose 20.4% and 14.3% respectively.

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.