Market Roundup

China's annual GDP growth rate meets policy targets. The Hong Kong stock market rose in the morning session. The Hang Seng Index opened 23 points lower, initially dropped 99 points to a low of 19,423, then turned upward, rising 117 points to a high of 19,640. It closed the morning session up 34 points or 0.2%, at 19,556 points. The China Enterprises Index fell 7 points or 0.1%, to 7,091 points. The Hang Seng Tech Index rose 55 points or 1.3%, to 4,473 points. The total turnover of the market in the morning session was HKD 67.454 billion. SMIC (981) hit a four-and-a-half-year high, rose 10.6% to HKD 39.8.

Source: KGI Investment Strategy

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