Market Insight

Market Roundup

U.S. stocks retreated last night. The Hang Seng Index opened 221 points lower at 19,418 point. The half-day index rose to 176 points or 0.9% to 19,815 point; the H-Share Index rose 102 points or 1.5% to 6,772 point; the Hang Seng Technology Index rose 94 points, or 2.1%, to 4,435 point. The market's half-day turnover was HK$ 63.3 bn. Evergrande Vehicle (708) resumed trading and its share price fell 61% to HK$1.24. The stock price of Standard Chartered (2888) fell 1% to HK$71 before the results. Sporting goods stocks performed well, Li Ning (2331) and Anta (2020) rose 6.3% and 2.9% respectively.

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.