Market Insight

Market Roundup

The Hang Seng Index opened 104 points lower in the early session and opened at 18,742 points. The decline once expanded to 296 points. It fell 259 points, or 1.4%, to 18,609 points throughout the day; the HSCEI Index fell 96 points, or 1.4%, to 6,605 points; the Hang Seng Technology Index fell 97 points, or 2.5%, to 3,799 points. The total market turnover for the whole day was HK$126.7 billion. Consumer stocks fell, with Li Ning (2331) and TopSports (6110) falling 6.1% and 7.5% respectively. Xiaomi (1810) reported better-than-expected results and raised its full-year car delivery target to 120,000 units, but its stock price fell 3.4%.

Source: KGI Asia Investment Strategy

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