Market Insight

Market Roundup

Last night, the European Central Bank and the Bank of England issued a statement stating that stocks should bear losses before AT1 bonds. The capital market stabilized and US stocks rebounded last night. The Hang Seng Index opened 119 points higher at 19,119 point, and then expanded to 258 points or 1.4% to 19,259 point at market close; the H-Share Index rose 80 points or 1.2% to 6,550 point; the Hang Seng Technology Index rose 95 points or 2.5% at 3,965 point. The market's turnover was HK$102.4 bn. The mainland approved 27 imported games in March, and the stock price of Bilibili (9626) rose nearly 7% to HK$181. Financial stocks rebounded. HSBC (0005) and Standard Chartered (2888) both rose more than 2%.

Source: KGI Asia Investment Strategy

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