Market Insight

Half Day Roundup

Affected by the unstable economic outlook of China, Hong Kong stock market continued to fall today. The HSI opened 170 points lower and then extended its losses, falling 245 points or 1.4% at mid-day to 17,769; the HSCEI fell 85 points or 1.3% to 6,335; the HSTECH fell 63 points or 1.7% to 3,609. The total mid-day turnover of the market was HK$50.16bn. Chinese technology stocks generally fell today, with losses ranging from 1.3% to 4%. Ping An of China (2318) planned to issue US$3.5bn in CB, and its stock price fell 5.4%. Mobile phone component stock Sunny (2382) against the trend to rose 3.9%.

Source: KGI Asia Investment Strategy

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