Market Roundup

Half Day Roundup

The Hang Seng Index opened 128 points lower in the early session to 20,223 points, and the half-day decline extended to 288 points or 1.4% to 20,063 point; the H-Share Index fell 122 points or 1.8% to 6,737 points; the Hang Seng Technology Index fell 86 points or 2.1% , at 4,063 point, with a half-day turnover of HK$ 57.4 bn. Alibaba (9988) announced last night that its revenue and adjusted net profit exceeded expectations, and its stock price fell 4.3% to HK$91.1. Techtronic Ind (669) pointed out that the report of short-sellers was taken out of context, the stock resumed trading today, and the stock price rebounded 5%

Source: KGI Asia Investment Strategy

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