Market Roundup

Market Roundup

The offshore RMB fell back, and the Hang Seng Index continued its correction today. The Hang Seng Index opened 162 points lower  at 18,659 points. The full-day decline expanded to 344 points, or 1.83%, to 18,477 points; the HSCEI Index fell 128 points, or 1.9%, to 6,557 points; the Hang Seng Technology Index fell 89 points, or 2.3%, to 3,765 points. The total market turnover for the whole day was HK$123.2 billion. Alibaba Health (241) stock price continued to perform well, rose 5% to HK$3.55, while JD Health (6618) fell 5.4%. As for technology stocks, Meituan (3690) fell 5.3%.

Source: KGI Asia Investment Strategy

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