Market Roundup

Market Roundup

U.S. stocks performed well. The Hang Seng Index opened 86 points higher at 19,915 points, the half-day increase expanded to 137 points or 0.7% to 19,966 point; the H-Share Index rose 34 points or 0.5% to 6,807 point; the Hang Seng Technology Index rose 6 points or 0.1 percent, at 4,204 point. The market turnover was HK$ 62.2 bn. The market pricing the China will announce stimulus to stimulate the economy, and infrastructure stocks performed well. China Communications Construction (1800) and China Railway Construction (1186) rose 3.9% and 4.3% respectively. BeiGene (6160) rebounded 5.7% today after its stock price plummeted yesterday.

Source: KGI Asia Investment Strategy

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