Market Roundup

Market Roundup

Hong Kong stocks retreated more than 200 points this morning. The Hang Seng Index opened 116 points lower, at 17,850, and its half-day decline expanded to 270 points, or 1.5%, to 17,696 points. The China National Index fell 98 points, or 1.6%, to 6,084 points. The Hang Seng Technology Index fell 58 points, or 1.4%, to 4,041 point, the total half-day turnover of the market was HK$45.6 bn. Li Ning (2331) came under pressure again, with its stock price falling 5.8% to HK$25.8. WuXi Biologics (2269) its subsidiary WuXi XDC (2268) for IPO. Today, the share price of WuXi Biologics (2269) fell 1.8% to HK$49.2.

Source: KGI Asia Investment Strategy

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