Market Insight

Half Day Roundup

The minutes of the Federal Reserve's interest rate meeting pointed out that the current policy path remains uncertain. The Hang Seng Index opened 27 points higher in the early morning. After opening at 16,673 points, it fell 81 points or 0.5% in half a day to 16,564 points. The H-Share Index fell 10 points or 0.2% to 5,618 points. The Hang Seng Technology Index fell 16 points or 0.4%, reported at 3,630 points. The total half-day turnover of the market was HK35.5 bn. In terms of sectors, shipping, coal and stone stocks performed well, with Orient Overseas International (316), China Shenhua (1088) and CNOOC (883) rising 3.7%, 2.2% and 2.3% respectively.

Source: KGI Asia Investment Strategy

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