Market Roundup

Market Roundup

The Hang Seng Index opened 204 points lower, at 18,163 points. It fell below 18,000 points during the day, and the market close fell 190 points, or 1%, to 18,176 points. The HSCEI Index fell 58 points, or 0.9%, to 6,452points; the Hang Seng Technology Index fell 17 points, or 0.4%, to 3,755 points. The total half-day turnover of the market was HK$139.8 billion. Shipping stocks were weak today, with Orient Overseas International (316) and COSCO Shipping Holdings (1919) falling 9.4% and 12.9% respectively. Gold and aluminum stocks have been on a correction today, with China Hongqiao (1378) and Zijin Mining (2899) falling 6.7% and 4.9% respectively.

Source: KGI Asia Investment Strategy

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