Market Insight

Half Day Roundup

On the third trading day of the Year of the Dragon, the market continued its performance yesterday. The Hang Seng Index opened 63 points higher at 16,007 points, and extended its half-day gain to 298 points to 16,242 points. The HSCEI rose 111 points, or 2%, to 5,522 points; the Hang Seng Technology Index rose 87 points, or 2.7%, to 3,310 points. The half-day market turnover was HK$32.5 billion. WuXi’s rebounded, with WuXi Biologics (2269) rising more than 12%, WuXi AppTec (2359) rising nearly 6%, and WuXi XDC (2268) rising 11%. Major technology stocks also helped to drive the market higher, with Meituan (3690) rising more than 4% and Alibaba (9988) rising more than 1%.

Source: KGI Asia Investment Strategy

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