Market Roundup

Half Day Roundup

The market is waiting for the US inflation data to be released tonight. HSI opened 71 points higher and then dropped 89 points. It rose 46 points or 0.2% in mid-day to 21,211. HSCEI rose 11 points or 0.2% to 7,156; HSTECH fell 10 points or 0.2% to 4,364. The half-day turnover of the market narrowed to HK$48.4bn. Wharf Real Estate (1997), whose share price fell yesterday due to the announcement of a negative profit warning, got rebound today, up 2.6% to HK$43.95. The bio-tech sector was weak, WuXi Biologics (2269) and GenScript (1548) fell 4.1% and 4.8% respectively.

Source: KGI Asia Investment Strategy

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