Market Roundup

Market Roundup

U.S. long-term bonds continued to rise and Hong Kong stocks came under pressure. The Hang Seng Index opened 119 points lower at 17,053 points and fell 113 points or 0.6% to 17,059 points in half a day. The H-Share Index fell 50 points, or 0.8%, to 5,821 points. The Hang Seng Technology Index fell 18 points, or 0.5%, to 3,644 points. The total half-day turnover of the market was HK$50.5 billion. Hansoh Pharmaceuticals (3692) issued global drug development rights, and its share price rose 10.5% to HK$12.56, making it the best-performing blue-chip stock. ZTE (763)'s third-quarter revenue came under pressure, and its stock price fell 9.5% to HK$18.56.

Source: KGI Asia Investment Strategy

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