Market Insight

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

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