Market Insight

Market Roundup

The minutes of the Federal Reserve's interest rate meeting pointed out that the current policy path remains uncertain. The Hang Seng Index closed flat, at 16,646 points; the H-Share Index rose 20 points, or 0.3%, at 5,649 points; the Hang Seng Technology Index rose 8 points, or 0.2%, to close at 3,655 points. The total daily turnover of the market was HK$70.4 billion. In terms of sectors, shipping, coal and oil stocks performed well, with Orient Overseas International (316), China Shenhua (1088) and CNOOC (883) rising 3.5%, 2% and 2.7% respectively. On the other hand, domestic catering and consumption stocks were relatively lagging behind, with Haidilao (6862) and Anta (2020) falling 3.9% and 2.6% respectively.

Source: KGI Asia Investment Strategy

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