Market Roundup

Market Roundup

The RMBUSD rose while Hong Kong stock market rose up and down today. The HSI opened lower at 21 points and then rose 100 points before mid-day. The HSI turned lower in the afternoon, falling 11 points or 0.1% today, to close at 18,247; the HSCEI rose 7 points, or 0.1%, to close at 6,389; the HSTECH fell 5 points, or 0.2%, to close at 3,698. The total daily market turnover was HK$124.29bn. Home appliance stocks generally rose, with semi-new stock Midea (0300) rising 5.6% today. Haier Smart Home (6690) both rose 1.7%. It was reported that Xiaomi Motors plans to deliver end-to-end smart driving within the year, and Xiaomi (1810) rose 3.4%.

Source: KGI Investment Strategy

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