Market Roundup

Market Roundup

The Federal Reserve announced that interest rates in November would remain unchanged at 5.25-5.50%, in line with market expectations. The Hang Seng Index opened 204 points higher to 17,282 points. The index once rose 357 points. The Hang Seng Index rose 206 points or 1.2% in half a day to 17,308 points. The H-Share Index rose 80 points or 1.4% to 5,939 points. The Hang Seng Technology Index rose 85 points or 2.2%, at 3,837 points. The total half-day turnover was HK$41.5 billion. Xiaomi (1810)'s rally is not over yet, with its stock price rising 5.9% to HK$15.06. Yum China (9987) continued yesterday's decline and fell another 3.9% today to HK$342.4.

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.