Market Roundup

Market Roundup

The three major U.S. indexes closed down, but the Hang Seng Index opened 112 points higher today, at 20,061 point, and rose 101 points or 0.5% to 20,049 point; the H-Share Index rose 79 points or 1.2%, to 6,798 point; It rose 40 points or 1% to 3,896 point. The market turnover was HK$98.3 bn. Chinese banking stocks continued to perform well today, Bank of China (3988) and Agricultural Bank of China (1288) both rose nearly 1%. As for technology stocks, NIO (9866) and Xpeng (9868) both rose nearly 4%.

Source: KGI Asia Investment Strategy

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