Market Insight

Market Roundup

Biden signed an executive order to restrict venture capital to invest into high-tech investments in China, Hong Kong, and Macau. the Hang Seng Index opened 121 points lower at 19,125 point and fell 183 points or 0.9% in half a day to 19,062 points; the H-Share Index fell 63 points or 0.9% to 6,550 points; the Hang Seng Technology Index fell 65 points or 1.5% to 4,308 point. The market's half-day turnover was HK$ 43.1 bn. TechTronic Industries (669) announced its half-year results and net profit fell 17.7%, and its stock price fell 18% to HK$77.8. The chief executive of Link REIT (823) reduced its holdings, and its share price fell 2.5% to HK$40.25.

Source: KGI Asia Investment Strategy

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