Market Roundup

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

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.