Market Insight

Market Roundup

The Hang Seng Index opened 136 points lower, at 18,199 points, and fell 307 points, or 1.7%, to 18,028 points for the day; the HSCEI Index fell 116 points, or 1.8%, to 6,440 points; the Hang Seng Technology Index fell 66 points, or 1.7%, to 3,701 points . The total daily turnover of the market was HK$129 billion. SenseTime (20) raised HK$2 billion through a share placement at a discount of 9.1%. It opened lower but managed to close rose 3% to HK$1.36. Major technology stocks came under pressure, with Meituan (3690), Alibaba (9988) and Tencent (700) fell 1.6 to 3.1%

Source: KGI Asia Investment Strategy

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