Market Insight

Half Day Roundup

The offshore RMB fell, and the Hang Seng Index continued its correction today. The Hang Seng Index opened 162 points lower in the early morning, at 18,659 points. The half-day decline expanded to 290 points, or 1.5%, to 18,531 points; the HSCEI Index fell 104 points, or 1.6%, to 6,581 points; the Hang Seng Technology Index fell 73 points, or 1.9%, to 3,781 points. The total half-day turnover of the market was HK$61.6 billion. Alibaba Health (241) stock price continued to perform well, rose 5% to HK$3.55, while JD Health (6618) fell 4.1%. As for technology stocks, Meituan (3690) fell 4.2%.

Source: KGI Asia Investment Strategy

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