Market Roundup

Hong Kong stock market fell along with overseas stock markets today. The HSI opened 115 points lower and then rose 61 points, but then fell again. It fell 447 points or 1.8% to close at 23,783. The HSCEI fell 189 points or 2.1% to close at 8,725; and the HSTECH fell 151 points or 2.5% to close at 5,885. The total market turnover was HK$301.82bn. Baidu (9888) issued US$2bn of bond, with the exchange rate being one US$100,000 for every US$100,000 in bonds issued by Ctrip (9961). Baidu rose 1.3%, while Ctrip fell 3.6%. Nayuki (2150) is expected to turn from profit to loss last year, recording an adjusted net loss of up to RMb970mn. The stock plummeted 20.7%.

Source: KGI Investment Strategy

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