Market Insight

Market Roundup

Powell delivered a speech at the Economic Club of New York luncheon. U.S. stocks came under pressure. The Hang Seng Index opened 169 points lower at 17,127 points and fell 124 points or 0.7% to 17,172 point. The H-Share Index fell 52 points, or 0.9%, to 5,872 points. The Hang Seng Technology Index fell 38 points, or 1%, to 3,662 points. The total daily turnover of the market was HK$82.8 bn. Market research report said that European and American funds have sold a net 40 billion in Chinese stocks since September. Tencent (700), Alibaba (9988), JD.com (9618) and other companies have suffered the most selling. Today’s stock prices fell 0.7% and 0.8% respectively. and 0.6%.

Source: KGI Asia Investment Strategy

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