Market Insight

Market Roundup

U.S. stocks rose last night. The Hang Seng Index opened 78 points higher at 20,423 point. The index once turned down nearly 50 points. It recovered its lost and was flat at 20,344 point for the first trading section. The China Enterprises Index fell 2 points or 0.04% to 6,873 point; the Hang Seng Technology Index fell 30 points or 0.7% to 4,130 point. The market's half-day turnover was HK$57.7 bn. Sunac (1918) resumed trading on the second day, and its share price continued to fall by 11% to HK$1.8. Gold stocks continue to perform well as the market relieving the Fed’s interest rate hike pressure. Zijin Mining (2899) and Shandong Gold (1787) rose 2.4% and 4.5% respectively。

Source: KGI Asia Investment Strategy

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