Market Insight

Market Roundup

U.S. stocks were up. The Hang Seng Index opened 91 points higher this morning to 21,605 point. The market goes up and down. Managed to close at 21,738 point, up 224 points. The China Enterprises Index rose 79 points to 7,391 point; the Hang Seng Technology Index rose 68 points to 4,554 point. The market turnover was HK$133 bn. Meituan (3690) fell 1%, Tencent (700) rose 2%, and Alibaba (9988) rose 1.7%. In addition, WuXi Biologics (2269) surged over 6%, and Koolearn (1797) rose 15% a reached a new record high.

Source: KGI Asia Investment Strategy

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