Market Insight

Market Roundup

After the earnings result of large-scale US tech stocks beat consensus, DJIA futures rose today. Hong Kong stock market got rebound today. The HSI opened 96 points lower and then turned up. It rose 116 points or 0.6% in mid-day and closed at 19,733. The HSCEI rose 45 points, or 0.7%, to 6,647; the HSTECH rose 51 points, or 1.3%, to 3,875. The market's half-day turnover totaled HK$52.48bn. Financial stocks performed well today, HKEx (0388) and AIA (1299) rose 0.1% and 1.6% respectively. Tencent (0700) Major Shareholder Prosus discloses over 780,000 shares disposal, Tencent shares price rose 1.8%.

Source: KGI Asia Investment Strategy

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