Market Insight

Market Roundup

The Hang Seng Index opened 381 points higher but narrowed its gains before mid-day. The HSI closed at 18,479 today, up 114 points or 0.6%. The HSTECH closed at 3,945, up 43 points or 1.1%. The HSCEI rose 36 points, or 0.6%, to 6,235. Market turnover was HK$78.3bn. Alibaba (9988) rose 3.2% in today, while other Chinese tech stocks rose between 1.7% and 4.1%. Automobile stocks performed individually. BYD (1211) rose 0.9%, while Geely Automobile (0175) fell 0.4%.

Source: KGI Asia Investment Strategy

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