Market Roundup

Market Roundup

The U.S. stock market closed down last night. The Hang Seng Index opened 58 points higher at 18,852 points, the half-day increase expanded to 293 points or 1.6% to 19,087 point; The China Enterprises Index rose 111 points or 1.7% to 6,483 point; the Hang Seng Technology Index rose 86 points or 2.2% to 3,959 point. The market's half-day turnover was HK$ 46 bn. Chow Tai Fook Enterprise intends to acquire NWS (659), its stock price rose 10.3% to HK$8.81. In terms of sectors, mainland property developer rallied. Country Garden (2007) rose nearly 6%, Longfor (960) rose more than 7%, Country Garden Services (6098) rose more than 8%.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.