Market Roundup

Hang Seng Index futures settled today, and Hong Kong stock market fell today. The HSI opened 114 points lower and then expanded its losses, falling 320 points or 1.6% today to close at 20,380; the HSCEI fell 131 points or 1.8% to close at 7,286; the HSTECH fell 110 points or 2.4% to close at 4,513. The total daily market turnover was HK$166.65bn. Resource stocks CHALCO (2600) and Jiangxi Copper (0358) reported quarterly profits that were lower than expected, and their stock prices fell 11.9% and 7.6% respectively. Xiaomi's monthly delivery volume reached 20,000 vehicles, and it is expected to complete the full-year delivery target of 100,000 vehicles next month. Xiaomi (1810) and rose against market 0.6% today.

Source: KGI Investment Strategy

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