Market Insight

Market Roundup

The Hang Seng Index opened 86 points higher this morning, opening at 16,819 points. In the morning, the Hang Seng Index rose as much as 274 points, returning to 17,000 points. However, the full-day gain narrowed to 95 points, or 0.6%, to 16,828 points; the H-Share Index rose by 26 points, or 0.4 points. %, to 5,895 points; the Hang Seng Technology Index rose 33 points, or 1%, to 3,478 points. The total daily turnover of the market was HK$82.9 billion. There was news that NetEase (9999) would resume its cooperative relationship with Blizzard and that its latest imported games had been approved. The stock price rose 4.1% to HK$157.5. As for volatile stocks, China Tianrui Cement was sold in the last 15 minutes, falling 99% for the day to HK$0.048.

Source: KGI Asia Investment Strategy

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