Market Insight

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

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