Market Roundup

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

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.