Market Insight

Market Roundup

Hong Kong stock market continued to fluctuate today. The HSI opened 138 points lower and then narrowed its losses and recovered. It rose 17 points or 0.1% to close at 18,089 today. The HSCEI rose 12 points or 0.2% to close at 6,477. The HSTECH rose 34 points or 0.9%, closing at 3,689. The total daily turnover of the market was HK$95.15bn. A total of 104 domestic games were approved in June, including Tencent (0700), and the company's stock price was flat today. NetEase (9999)'s mobile game "NARAKA: BLADEPOINT" will be launched in public beta on July 25, and its stock price rose 6.2%. Berkshire reduced its holdings in BYD (1211) last Wednesday, with its shareholding falling to 5.99%. BYD fell 0.9% today.

Source: KGI Asia Investment Strategy

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