Market Roundup

Market Roundup

U.S. semiconductor stocks fell back, and the Nasdaq closed lower. The Hang Seng Index opened 60 points higher at 18,088 points and rose 45 points or 0.2% throughout the day to 18,073 points; the HSCEI Index rose 23 points or 0.4% to 6,464 points; the Hang Seng Technology Index fell 22 points or 0.6% to 3,655 points. The total daily turnover of the market was HK$93.7 billion. Chinese chip stocks also fell, with Semiconductor Manufacturing International Corporation (981) and Hua Hong Semiconductor (1347) fell 4.3% and 6.2% respectively. Domestic consumption stocks performed well, with Mengniu (2319) rose 4.5%; Want Want China (151) announced its FY25 results, net profit growth at 18.4% year-on-year, and its share price rose 5.5%.

Source: KGI Asia Investment Strategy

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