Market Roundup

Market Roundup

The Hang Seng Index opened 28 points lower at 20,859 points, and extended its daily decline to 357 points and closed at 20,529 point. The China Enterprises Index fell 139 points or 1.9% to 6,925 point; the Hang Seng Technology Index fell 153 points or 3.5% to 4,158 point. The market turnover was HK$111.2 bn. HSBC (0005) fell nearly 2% to HK$57.6 after the results. Chinese telecommunications stocks continued to perform well. China Unicom (0762) and China Telecom (0728) rose 2.5% and 0.5% respectively. The stock price of JD.com (9618) fell 8.5% to HK$189.7.

Source: KGI Asia Investment Strategy

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