Market Roundup

China’s export data exceeded expectations. The Hang Seng Index opened 152 points lower at 20,386 points but then turned upward, rising 237 points or 1.16% to 20,776 points by midday. The China Enterprises Index rose 110 points or 1.5% to 7,474 points. The Hang Seng Tech Index increased by 45 points or 0.98% to 4,619 points. The total market turnover for the half-day was 103.9 billion HKD. Today, consumer stocks performed well, with Haidilao (6862), China Resources Beer (291), and Li Ning (2331) rising by 7.2%, 6.3%, and 6%, respectively. However, Link REIT (823) was under pressure, falling by 4.2%.

Source: KGI Investment Strategy

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