Market Roundup

Hong Kong stock market fell today as the US non-farm payrolls data released last Friday exceeded market consensus. The HSI opened 146 points lower and then widened its losses, closing at 18,874 points after falling 190 points or 1% for today. The HSCEI fell 54 points or 0.8% to 6,843. The HSTECH fell 38 points or 0.9% to 4,221. The total market turnover was HK$134.05bn. Sunny Optical (2382)'s mobile phone lens shipments fell 1.9% yoy last month and its share price fell 2.9%. WuXi XDC (2268) was sold off by shareholders and its share price plunged 12.4% today. Utility stocks generally fell as consensus of US interest rate cuts weakened. MTR Corporation (0066) fell 4.2% today.

Source: KGI Investment Strategy

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