Market Insight

Market Roundup

The Hang Seng Index opened 196 points lower, and after opening at 15,337 points, the index once turned higher and fell 23 points throughout the day to 15,510 points. The H-Share Index was unchanged at 5,217 points; the Hang Seng Technology Index fell 5 points or 0.2% to 3,039 points. The total daily turnover of the market was HK$94.7 bn. WuXi AppTec (2359) repeatedly clarified the draft legislation, and its stock price rebounded 4%, while WuXi Biologics (2269) also rebounded 3.1%. According to domestic media reports, the first batch of real estate project "whitelists" has been sent to commercial banks, involving a total of 3,218 projects, but Longfor (960) stock price still fell 4.1%.

Source: KGI Asia Investment Strategy

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