Market Insight

Market Roundup

Hang Seng Index was volatile, Today, the Hang Seng Index opened 81 points lower at 18,015 points, it fell 70 points for the whole day to 18,026 points. The H-Share Index fell 38 points or 0.6% to 6,260 points. Hang Seng Technology The index fell 19 points or 0.47%, to 4,064 points. The market turnover was HK$84.1 bn. Mainland property stocks continued to fluctuate, with Evergrande (3333) and Country Garden (2007) rose 5.2% and 3.9% respectively. In addition, the China Association of Automobile Manufacturers(CAAM) reported that sales of new energy vehicles in mainland China rose 27% year-on-year in August, which provided support to EV stocks, with BYD (1211) and Li-Auto (2015) rising 2.8% and 1.4% respectively.

Source: KGI Asia Investment Strategy

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