Market Insight

Market Roundup

Last Friday, U.S. stocks closed down. The Hang Seng Index opened 44 points lower at 18,846 point. The market closed 96 points or 0.5% lower at 18,794 point; The China Enterprises Index fell 22 points or 0.4% to 6,372 point; the Hang Seng Technology Index fell 7 points or 0.2% to 3,873 point. The market turnover was HK$ 83.8 bn. Power stocks rallied today, China Resources Power (836) rose 5.9%, China Power (2380) rose 4.9%, and China Longyuan Power (916) rose 2.7%. So as the power equipment stocks, Goldwind Technology (2208) rebounded 10.7% to HK$5.37.

Source: KGI Asia Investment Strategy

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