Market Insight

Market Roundup

Hong Kong stocks retreated more than 200 points this morning. The Hang Seng Index opened 116 points lower, at 17,850, and the day's decline expanded to 296 points, or 1.7%, to 17,670 points. The China National Index fell 95 points, or 1.5%, to 6,087 points. The Hang Seng Technology Index fell 43 points, or 1%, to 4,056 points. The market turnover was HK$ 89.6 billion. Li Ning (2331) came under pressure again, with its stock price falling 4.5% to HK$26.15. WuXi Biologics (2269)'s subsidiary WuXi XDC (2268) start to accept application for IPO. WuXi Biologics (2269)'s stock price fell 1.9% to HK$49.15 today.

Source: KGI Asia Investment Strategy

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