Market Insight

Market Roundup

The Hong Kong stock market followed the decline of the US stock market and opened 129 points lower at 21,154 points. The index market closed at 21,624 point, up 341 points. The China Enterprises Index rose 124 points or 1.7% to 7,314 point; the Hang Seng Technology Index rose 140 points or 3.2% to 4,572 point. The market turnover was HK$117.8 bn. Today, the official media issued a voice to remind investors not to follow suit and speculate on the concept of chat robots. Baidu (9888) and Zhihu (2390) fell 3.9% and 9.9% respectively. In addition, Xiaomi (1810) gained 8.5% to HK$13.52 after being favored by world leading financial institute.

Source: KGI Asia Investment Strategy

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