Market Roundup

Market Roundup

Hong Kong stock market continued to decline today. The HSI opened 25 points lower and fell 125 points or 0.6% in mid-day. The decline has been narrowed slightly afternoon, closing at 19,959 when closed, down 115 points or 0.6%. The HSTECH closed at 3,961, down 8 points or 0.2%. The HSCEI fell 31 points, or 0.5%, to 6,733 points. Market turnover was HK$96.4bn. There is a news that the Shenyang municipal government considered acquiring 30% shares in Brilliance China (1114), whose share price rose 5.2% today. Chilean government planned to nationalize the local lithium industry Tianqi Lithium (9696) price fell 4.5% today.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.