Market Roundup

Hong Kong stock market fluctuated within a narrow range today. The HSI opened 77 points higher, rose 121 points in the morning and then fell back. It fell 78 points, or 0.4%, to close at 19,150 for today; the HSCEI fell 24 points, or 0.4%, to close at 6,862; the HSTECH fell 10 points or 0.3% to close at 4,235. The MSCI index’s constituent changed today, and the daily market turnover was HK$183.3bn. Kuaishou-W (1024) and New Oriental-S (9901) become constituent stocks of HSI, and their share prices rose 4.5% and 3.9% respectively. EU officials said discussions on Chinese electric vehicle tariffs came an agreement soon, and BYD (1211) shares rose 0.4%.

Source: KGI Investment Strategy

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