Market Insight

Half Day Roundup

From next Monday, China and Hong Kong will officially allow tourist cross the border with no restriction. The Hang Seng Index opened 147 points lower at 21,811 point, and then extended its decline to 396 points at 21,562 point. The China Enterprises Index fell 148 points or 2% to 7,358 point; the Hang Seng Technology Index fell 86 points or 1.8% to 4,610 point. The market's half-day turnover was HK$ 71.7 bn. Official customs clearance is a positive news to local consumption stock. Sa Sa International (178) rose 3.4% to HK$2.1, MINISO (9896) rose 8.2% to HK$31.75. In addition, Chia Tai Enterprise International (3839) surged 26% today to HK$4.66.

Source: KGI Asia Investment Strategy

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