Market Insight

Half Day Roundup

On the eve of the Easter holiday, the Hang Seng Index opened 128 points lower at 20,146 points. Afterwards, the decline narrowed, falling 10 points or 0.05% in half a day to 20,265 point; the China Enterprises Index fell 18 points or 0.3% to 6,858 point; the Hang Seng Technology Index fell 43 points or 1.02% to 4,190 point. The half day market turnover  was HK$57.2 bn. Chip stocks performed well today, with SMIC (981) and Hua Hong Semiconductor (1347) up 7% and 2% respectively. Gold-related stocks also rallied, with Zhaojin Mining (1818) and Zijin Mining (2899) both rose more than 5%.

Source: KGI Asia Investment Strategy

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