Market Insight

Half Day Roundup

The Hang Seng Index fell for three days in a row. It opened 171 points lower in the early morning at 19,024 points. The index's decline once expanded to 419 points, but the half-day decline narrowed to 265 points, at 18,930 points; the HSCEI Index fell 98 points, or 1.4%, reported at 6,719 points; the Hang Seng Technology Index fell 67 points, or 1.7%, to 3,925 points. The total half-day turnover of the market was HK$69.7 billion. The selling pressure on Link REIT (823) continued, falling another 3.7% to HK$33.4 today. The stock prices of NetEase (9999) and Xiaomi (1810), which will be announced after the market close today, were also soft, falling 5% and 2.7% respectively.

Source: KGI Asia Investment Strategy

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