Market Insight

Market Roundup

U.S. stocks rebounded last night. The Hang Seng Index opened 122 points higher at 16,743 points. The Hang Seng Index fell 72 points or 0.4% to 16,549 points in the first half of the day. The H-Share Index fell 38 points or 0.7% to 5,581 points. The Hang Seng Technology Index fell 56 points. points or 1.5%, reported at 3,654 points. The total half-day turnover of the market was HK$47.6 billion. Shenzhou International (2313) was affected by NIKE's lowered outlook, and its stock price fell 6% today to HK$79.4. The online game management regulations prohibit inductive rewards for first-time top-up and continuous top-up. Tencent (700) and NetEase (9999) fell 7.2% and 12% respectively.

Source: KGI Asia Investment Strategy

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