Market Insight

Market Roundup

U.S. job vacancies fell more than expected in April, and U.S. stock market performed well yesterday. Hong Kong stock market fluctuated today. After opening 45 points higher, the HSI rose 280 points, but then turned down. It fell 19 points or 0.1% today to close at 18,424. The HSCEI fell 11 points or 0.2% to close at 6,542. The HSTECH rose 11 points, or 0.3%, to close at 3,807. The total daily turnover of the market was HK$115.63bn. Meituan (3690) is going to announce its quarterly results, and its stock price fell 0.8% today. Oil stocks generally fell today, with PetroChina (0857) and CNOOC (0883) falling 2% and 1.7% respectively.

Source: KGI Asia Investment Strategy

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