Market Roundup

2023.08.16 17:00

Market Roundup

U.S. stocks closed down last night. The Hang Seng Index opened 225 points lower at 18,357 points. The index once narrowed the decline to 141 points, but it fell another 251 points, or 1.36%, to 18,329 point at market close. The H-Share Index fell 94 points, or 1.47%, at 6,273 points; the Hang Seng Technology Index fell 53 points, or 1.3%, to 4,126 points. The market turnover was HK$ 97.9 bn. HKEx (388) narrowed its decline to 0.66% to HK$299.6 after the results announcement. Orient Overseas International (316) fell 4.7% to HK$123.6, the worst performance among blue chips.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.

Subscribe to KGI Market Insights Reports
Outperform market and make the best investment decisions