Market Insight

Half Day Roundup

The Hang Seng Index has repeatedly been on the soft side. It opened 12 points higher in the early session, at 15,404 points, and then fell 30 points, or 0.2%, to 15,361 points in the first half of the day; the H-Share Index fell 32 points, or 0.6%, to 5,139 points; the Hang Seng Technology Index fell 21 points. points or 0.6%, reported at 3,155 points. The total half-day turnover of the market was HK$47.5 billion. NetEase (9999) was reported to have withdrawn its lawsuit against Blizzard software copyright case, and its stock price rose 2.5%. The China Passenger Car Association expects that the retail sales of new energy vehicles will decrease by 15.3% month-on-month this month, and electric vehicle stocks Leapmotor(9863) and Xpeng (9868) fell more than 4%.

Source: KGI Asia Investment Strategy

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