Market Insight

Market Roundup

Hong Kong index were volatile. The Hang Seng Index opened 12 points higher at 17,942 points and edged up 3 points at 17,933 points for the first half trading day. The H-Share Index rose 1 point to 6,211 points. The Hang Seng Technology Index fell 21 points or 0.5% to 3,966 points. The total half-day turnover of the market was HK$40.9 bn. Sunac China (1918)'s overseas debt restructuring plan was approved by most creditors and rose 4.6% in half a day. China's Ministry of Finance provides tax saving plan for research and development expenses for integrated chips intervention. SMIC (981) and Hua Hong Semiconductor (1347) rose 1.8% and 0.6% respectively.

Source: KGI Asia Investment Strategy

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