Market Roundup

Half Day Roundup

Today, China released a series of economic data that generally exceeded market expectations. The Hang Seng Index opened 27 points higher at 20,106 points and expanded its gains, rose 150 points or 0.8% to 20,229 points by midday. The China Enterprises Index rose 64 points or 0.9% to 7,243 points, and the Hang Seng Tech Index rose 44 points or 1% to 4,394 points. The total market turnover for the half-day was HKD 97.685 billion. The performance of major tech stocks was mixed, with Alibaba (9988) down 2.3%, while Meituan (3690) and Tencent (700) rose 3.9% and 1.2%, respectively.

Source: KGI Investment Strategy

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