Market Roundup

Market Roundup

The market is waiting to see the tense situation in the Middle East. Today, Hong Kong stocks market followed A shares to be soft. The HSI rose 44 points to 17,858 points in the morning but turned down 75 points or 0.4% in mid-day. The decline intensified after noon, with the HSI closing at 17,640 points for the day, down 173 points or 1.0%. The HSTECH reported at 3,811 points, down 68 points or 1.8%. The HSCEI fell 66 points, or 1.1%, to 6,049. The market turnover was HK$73.79bn. Mobile phone components stock Sunny (2382) rose 1.0%, but BYD Electronics (0285) and Q Tech (01478) both fell 3% and 6.7% respectively. Automobile stocks generally fell, with BYD (1211) and Li Auto (2015) falling 1.2% and 3.6% respectively.

Source: KGI Asia Investment Strategy

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