Market Roundup

Market Roundup

The U.S. PPI cooled faster than market consensus, and U.S. stocks preformed well yesterday. Hang Seng Index opened 59 points higher at 17,233 points, but the Index was under pressure, fell 61 points or 0.3% to 17,113 points; the HSCEI Index fell 24 points or 0.4% to 6,025 points; the Hang Seng Technology Index fell 34 points or 1%, at 3,396 points. The total daily turnover of the market was HK$68 billion. Although Tencent Music (1698) recorded a year-on-year increase in profit, its social entertainment services and other service revenue continued to decline significantly, and its stock price fell 18% today. WH Group (288) profit growth at 80% yoy, its dividend per share doubled year-on-year, and its stock price rose 8.4%.

Source: KGI Investment Strategy

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