Market Insight

Half Day Roundup

This year's Lujiazui Forum opens today. The market is looking forward to the release of major policies, and Hong Kong stock market performed well today. The HSI opened 140 points higher and then expanded its gains, rising 348 points or 2% at mid-day to 18,264; the HSCEI rose 144 points or 2.3% to 6,512; the HSTECH rose 72 points or 2% to 3,769. The total mid-day turnover of the market was HK$55.57bn. “Chinese special valuation” concept stocks generally rose, with the four major banks rising between 2.5% and 3%. Lenovo Group (0992) rose 6.1% in half-day, becoming the best-performing blue-chip stock.

Source: KGI Asia Investment Strategy

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