Market Insight

Market Roundup

The Hang Seng Index opened 68 points lower this morning, closing at 21,678 points. After the fourth-quarter GDP and " Fixed Investment, Retail and Industrial Production " data were announced in the early part, the decline was once narrowed. Hang Seng Index closed at 21,577 point, fell 169 points. The H-Share Index fell 36 points, or 0.5%, to 7,314 point. The Hang Seng Technology Index fell 6 points, or 0.1%, to 4,500 point. The market turnover was HK$126.7 bn. Major shareholder of WuXi Biologics (2269) cut it holdings, and its share price fell 6.1% to HK$69.4, the worst performance among blue chips. Kuaishou (1024) reached an agreement with CCTV to rebroadcast the Chinese New year program on their platform on New Year's Eve. The share price was flat at HK$71.5.

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.