Market Roundup

Market Roundup

Market is waiting to see the September US CPI figures released tonight while Hong Kong stock market fell today. The HSI opened 182 points lower and then the decline expanded. It fell 241 points at mid-day and then narrowed. The HSI fell 125 points, or 0.7%, to close at 17,108 today; the HSCEI fell 43 points, or 0.7%, to close at 5,982; the HSTECH flat and closed at 3,450. The daily market turnover was HK$105.79bn. The Chinese SOE oil stocks fell due to the drag of oil prices, with the stock prices of Sinopec (0386), CNOOC (0883) and PetroChina (0857) falling by an average of 2.2%. Sporting goods distributor Topsports (6110) issued a profit warning, and its stock price fell 16.2% today.

Source: KGI Investment Strategy

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