Market Insight

Market Roundup

The " Retail Sales, Fixed Investment and Industrial " data released by the National Bureau of Statistics were all worse than market expectations. The Hang Seng Index opened 212 points higher before the release of the data, at 20,183 points. Then softened to rise 7 points or 0.04% to 19,978 point; The China Enterprises Index rose 9 points to 6,789 point; the Hang Seng Technology Index rose 33 points or 0.8% to 3,958 point. The market turnover was HK$ 78.4 bn. Baidu Group (9888) rose 2.8% to HK$124.3 before the earning announcement. Xinyi Solar (968) rebounded for two consecutive days and rose nearly 5.3% to HK$8.3, making it the best performing blue chip stock.

Source: KGI Asia Investment Strategy

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