Market Roundup

Market Roundup

Hong Kong stocks retreated on the second trading day in September. The Hang Seng Index opened 127 points lower at 18,717 point. The half-day decline expanded to close at 18,560 points at noon, down 284 points or 1.5%. The H-Share Index fell 96 points or 1.5%. At 6,437 points. The Hang Seng Technology Index fell 65 points, or 1.5%, to 4,240 points. The market turnover was HK$ 50.7 bn. Mainland real estate stocks generally fell today, with China Resources Land (1109) falling 4.8% and China Overseas Holdings (688) falling 3.2%. In addition, L'Occitane (973) decided not to propose a full acquisition, and its stock price fell 25% when it resumed trading today.

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.