Market Roundup

Market Roundup

There was news that China is considering taking measures to stabilize the stock market. Hong Kong stocks rebounded significantly today. They opened 77 points higher at 15,038 points. Index rose 393 points or 2.6% to 15,354 points for the whole day. The H-Share Index rose 139 points or 2.8% to 15,354 points. 5,141 points; the Hang Seng Technology Index rose 112 points or 3.7% to 3,148 points. The total daily turnover of the market was HK$124 billion. After the domestic stock market plunged yesterday, China Resources Land (1109) and Longfor (960) rebounded by more than 8% today. Technology stocks also rebounded, with Alibaba (9988), Meituan (3690), Baidu (09888.HK) and Kuaishou (1024) rose 1.4% to 3.4%

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.