Market Roundup

Market Roundup

The market is awaiting the US PCE inflation indicator. The Hang Seng Index opened 97 points higher at 18,580 points, the index increased to 185 points. However, it fell 48 points or 0.2% in half a day to 18,435 points. The H-Share Index fell 3 points to 18,435 points. 6,353 points. The Hang Seng Technology Index rose 17 points or 0.4% to 4,212 points. The market turnover was HK$ 50.2 bn. Mengniu Dairy (2319) net profit in the first half of the year fell 19.5%, but major market participant said earnings beat estimates, and its share price rose 5%. In addition, nine lithium mine concessions of Ganfeng Lithium (1772) Mexico subsidiary were cancelled, and the stock price fell 5.4%.

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.