Market Insight

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

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.