Market Insight

Market Roundup

U.S. stocks fell after U.S. retail sales data sparked fears of a recession. Hong Kong stocks opened 226 points lower today at 21,452 point. The market closed at 21,650 point, fell 27 points. HSCEI fell 27 points or 0.4% to 7,312 point. The Hang Seng Technology Index fell 74 points, or 1.65%, to 4,449 point. The market turnover was HK$92.6 bn. Anta (2020) has personnel changes in its management, and its share price fell slightly by 0.2% to HK$116.5, while its competitor Li Ning (2331) rose 3.9% to HK$72.5.

Source: KGI Asia Investment Strategy

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