Market Insight

Market Roundup

US stocks performed well last night, but Hong Kong stocks gave up yesterday's gains and opened 95 points higher at 18,174 points, but fell 297 points or 1.6% to 17,781 points in the first half of the day. The H-Share Index fell 104 points or 1.7% to 6,100 points. The Hang Seng Technology Index fell 94 points, or 2.3%, to 4,032 points. The total half-day turnover of the market increased to HK$61.18 billion. The performance of technology stocks was released, and the stock prices showed mixed performance. JD.com (9618) rose 1.7% to HK$107.7, while Tencent (700) fell 0.3% to HK$321.6. In addition, biotech stocks were under pressure today, with WuXi Biologics (2269) falling 6.8% to HK$47.25.

Source: KGI Asia Investment Strategy

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