Market Roundup

The U.S. core PCE was lower than market consensus, which made the market expect that the rate cut next year will not be too bad. Hong Kong stock market rose in the morning today. The HSI opened 122 points higher and was able to maintain its upward trend, rising 137 points or 0.7% at mid-day to 19,857; the HSCEI rose 52 points or 0.7% to 7,195 points; the HSTECH rose 21 points or 0.5% to 4,466. . The total mid-day market turnover was HK$67.80bn. WeChat store-related stocks continue to perform well, with WEIMOB (2013) stock price at 6.2%. SF Express (6936) was included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect securities lists, and its stock price rose 3.2%.

Source: KGI Investment Strategy

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