Market Insight

Market Roundup

After the earnings result of large-scale US tech stocks beat consensus, DJIA futures rose today. Hong Kong stock market got rebound today. The HSI rose 116 points or 0.6% in mid-day, and the trend continued afterwards. The HSI closed at 19,757 points today, up 139 points or 0.71%. The HSTECH closed at 3,872, up 47 points or 1.25%. The HSCEI rose 53 points, or 0.8%, to 6,654. Market turnover was HK$97.9bn. Financial stocks performed well today, HKEx (0388) and AIA (1299) rose 1.2% and 1.3% respectively. Tencent (0700) Major shareholder Prosus disclosed its share disposal of Tencent by more than 780,000 shares. Tencent's share price still rose 2.9% today.

Source: KGI Asia Investment Strategy

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