Market Roundup

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

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.