Market Roundup

Market Roundup

The Hong Kong stock market continued to be weak before the holidays. The Hang Seng Index opened 44 points lower today, at 20,364 points. It once fell as much as 282 points, and then narrowed the decline. It closed down 135 points or 0.7% at 20,274 point; The China Enterprises Index fell 65 points or 0.9% to 6,875 points; the Hang Seng Technology Index fell 69 points or 1.6% to 4,233 point. The market turnover was HK$119.4 bn. Chinese technology stocks generally fell today, Tencent (0700) and Alibaba (9988) fell 0.8% and 2.9% respectively. Mainland sporting goods stocks were under pressure, Li Ning (2331) and Anta (2020) fell 4.4% and 2.2%.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.