Market Roundup

Market Roundup

U.S. stocks were closed yesterday. The Hang Seng Index fell 350 points or 2.16% to 15,866 points; the H-Share Index fell 103 points or 1.9% to 5,343 points; the Hang Seng Technology Index fell 78 points or 2.3% to 3,326 points. The total daily turnover of the market was HK$84.4 billion. Chinese property stocks were under pressure today, with Sunac China (1918), Sino-Ocean (3377) and Longfor (960) falling between 6.5-8%. After yesterday's heavy losses, Baidu (9888) rebounded slightly by 0.2% to HK$100.7 today. Ctrip (9961) announced travel order figures and closed slightly down 0.1% to HK$290.

Source: KGI Asia Investment Strategy

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