Market Roundup

As the market waits to see the upcoming Central Economic Work Conference, Hong Kong stock market fell repeatedly today. The HSI opened 133 points lower, then turned up 80 points, and then turned down again. The index fell 112 points, or 0.6%, to 19,753 at mid-day; the HSCEI fell 39 points, or 0.6%, to 7,096; the HSTECH fell 28 points or 0.6%, reported at 4,436. The total mid-day market turnover was HK$86.7bn. The final agreement text of the US National Defense Authorization Act was not included in the “BIOSECURE Act”. WuXi Biologics (2269) and WuXi AppTec (2359) both rose by more than 8%. NetEase (9999)'s "Where Winds Meet" will be launched soon, and its stock price rose 2.5%.

Source: KGI Investment Strategy

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