Market Insight

Market Roundup

The three major U.S. stock indexes closed up. The Hang Seng Index opened 64 points lower at 19,852 points. Today’s trend main volatile and once turned upward but It fell 348 points or 1.7% to 19,568 point; The China Enterprises Index fell 146 points or 2.15% to 6,649 point; the Hang Seng Technology Index fell 119 points or 2.8% to 4,105 point. The market turnover was HK$127.2 bn. China National Building Materials Group (3323) fell 8.5% to HK$6.34 after the announcement of its earning results. Although the performance of Meituan (3690) was better than expected, the stock price was still under pressure and fell 6.3% to HK$131.4.

Source: KGI Asia Investment Strategy

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