Market Roundup

US President Trump threatened that if China does not cancel its countermeasures, the United States will impose an additional 50% tariff on Chinese imports. The Hang Seng Index closed at 20,140 points at half time, up 312 points or 1.6%. The Hang Seng Tech Index closed at 4,558 points, up 156 points or 3.6%. The Hang Seng Index rose 164 points, or 2.3%, to 7,426 points. Stocks with low revenue from the U.S. rebounded significantly, with Meituan (3690) rose 4.5% and Ctrip Group (9961) rose 6.3%.

Source: KGI Investment Strategy

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