Market Insight

Market Roundup

The three major U.S. indexes closed down, but the Hang Seng Index opened 112 points higher today, at 20,061 point, and rose 128 points or 0.6% to 20,077 point for the first half; the China Enterprises Index rose 91 points or 1.4%, to 6,810 point; Hang Seng Technology Index rose 61 points, or 1.6%, to 3,917 point. The market's turnover was HK$ 57.9 bn. Mainland banking stocks continued to perform well today, Bank of China (3988) and Agricultural Bank of China (1288) both rose nearly 1%. As for technology stocks, NIO (9866) and Xpeng (9868) both rose nearly 5%.

Source: KGI Asia Investment Strategy

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