Market Insight

Market Roundup

The Hang Seng Index opened 85 points higher at 18,562 points, then fell 110 points or 0.6% throughout the day to 18,367 points. The HSCEI Index fell 44 points, or 0.7%, to 6,510 points; the Hang Seng Technology Index fell 68 points, or 1.8%, to 3,772 points. The total daily turnover of the market was HK$133.1 billion. Meituan (3690) announced its results last night. Although it overall beat expectations, its stock price remain volatile. The stock price fell by 2% to HK$110. In addition, NIO (9866) also announced its results, the company's losses continued to expand, stock price fell 7.1% to HK$38.2.

Source: KGI Asia Investment Strategy

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