Market Roundup

Market Roundup

U.S. stocks rose before market closed. Hang Seng Index opened 48 points higher today, at 22,614 points. The China Enterprises Index rose 67 points to 7,773 point; the Hang Seng Technology Index rose 50 points to 4,813 point. Market turnover was HK$97.2 bn. Movies & Entertainment stocks were mixed today. Huanxi Media (1003) fell 6.9%, but IMAX China (1970) rose 2.7%. Foreign media reported that China might consider imposing export restrictions on solar energy technology. Photovoltaic stocks fell. Xinyi Solar (968) fell nearly 3%, and GCL Technology (3800) fell 2.2%.

Source: KGI Asia Investment Strategy

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