Market Insight

Market Roundup

China's CPI rose slightly by 0.1% year-on-year, and the PPI fell 0.5% Mom, ending the two consecutive month of remain flat MoM, down 3.6% year-on-year. The Hang Seng Index opened 81 points higher and then turned down. It fell 40 points or 0.2% in half a day to 19,722 points; The H-Share Index fell 4 points or 0.1% to 6,679 points; the Hang Seng Technology Index rose 34 points or 0.9% to 3,846 points. The market's half-day turnover was HK$ 48.1 bn. Li Auto (2015) performed well after the first quarter earnings release, up 16% to HK$114.8. Alibaba (9988) rose 1.6% to HK$81.5. Hua Hong Semiconductor (1347) edged up 0.5% to HK$28.05 before the announcement of quarterly results.

Source: KGI Asia Investment Strategy

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