Market Roundup

Hong Kong stock market fluctuated within a narrow range today. The HSI opened 24 points lower and fell 130 points at once. The index fell 3 points today and closed at 19,742. The HSCEI rose 12 points or 0.2% to close at 7,085. The HSTECH fell 13 points or 0.3%, closing at 4,404. The daily market turnover was HK$131.20bn. The four major industry associations in China have spoken out, calling on Chinese companies to be prudent in purchasing American chips. Chip stocks SMIC (0981) and Hua Hong Semiconductor (1347) rose 1.2% and 1.7% respectively. Guangzhou started issuing catering consumption coupons, and catering stocks showed different trend. Xiabu Xiabu (0520) rose 6.3%.

Source: KGI Investment Strategy

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