Market Roundup

Market Roundup

Hong Kong stocks continued their recent gains in the morning market on the futures settlement day. The Hang Seng Index opened 522 points higher and then expanded its gains repeatedly. It once rose 819 points to 20,743 points, and rose 708 points or 3.6% for the whole day to 20,632 points; the H-Share Index rose 213 points or 3%, to 7,300 points; the Hang Seng Technology Index rose 243 points, or 5.8%, to 4,453 points. The total daily turnover of the market was HK$445.7 billion. There was news that the central government issuance of special government bonds to support consumption, JD.com (9618) and Meituan (3690) rose 9.7% and 8.1% respectively.

Source: KGI Investment Strategy

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