Market Insight

Half Day Roundup

U.S. stocks were closed on Monday. The Hang Seng Index opened slightly lower by 13 points in the morning, opening at 18,814 points. It rose 107 points, or 0.6%, to 18,935 points in half a day; the HSCEI Index rose 43 points, or 0.6%, to 6,731 points; the Hang Seng Technology Index rose 30 points. points or 0.8%, reported at 3,895 points. The total half-day turnover of the market was HK$55.2 billion. Alibaba Health (241) performed well after announcing its results, rising 12.7%, driving peers JD Health (6618) and Ping An Good Doctor (1833) rose 4.8% and 4.8% respectively. Energy stocks rose, with oil stocks PetroChina (857) and CNOOC (883) rose 3% and 2.2% respectively.

Source: KGI Asia Investment Strategy

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