Market Insight

Half Day Roundup

The Hang Seng Index opened 104 points lower in the early session, at 18,742 points, and later extended its decline to 296 points. It fell 239 points or 1.3% in half a day to 18,629 points; the HSCEI Index fell 86 points or 1.3% to 6,615 points; the Hang Seng Technology Index fell 73 points or 1.9% to 3,822 points. The total half-day turnover of the market was HK$73.118 billion. Consumer stocks fell, with Li Ning (2331) and TopSports (6110) fell 5.5% and 5.6% respectively. Xiaomi (1810) reported better-than-expected results and raised its full-year car delivery target to 120,000 units , but its stock price fell 3.6%.

Source: KGI Asia Investment Strategy

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