Market Insight

Market Roundup

China official June manufacturing PMI index beat consensus, and Hong Kong stocks performed well today. The HSI rise above 19,000 points at the opening and continued its upward trend. The HSI closed at 19,306 today, up 390 points or 2.1%. The HSTECH closed at 4,054, up 143 points or 3.7%. The HSCEI rose 165 points, or 2.6%, to 6,590. Market turnover was HK$89.7bn. The China EV sector is generally positive. The share prices of Li Auto (2015), XPEV (9866) and NIO (9866) rose between 8.1% and 16.5%, while BYD (1211) rose 4.5%.    

Source: KGI Asia Investment Strategy

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