Market Roundup

Market Roundup

US stocks performed well. The Hang Seng Index opened 29 points lower at 20,958 points, the index once turned up, but failed to maintain. It fell 268 points and closed at 20,720 points. The China Enterprises Index fell 99 points or 1.4% to 6,991 point; the Hang Seng Technology Index fell 109 points or 2.5% to 4,258 point. The market turnover was HK$89.7 bn. ATMs fell more than 2%. Lenovo (992)'s third-quarter profit of the fiscal year fell 32%, and its stock price fell by more than 3%. The appointment of Adrian Cheng as a non-executive director and co-chairman of the board of Meta Media (0072), stock price surged by nearly 80%.

Source: KGI Asia Investment Strategy

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