Market Insight

Market Roundup

The three major US stock indexes closed up. The Hang Seng Index opened at 17,992 points in the early session, up 147 points, and closed up 366 points to 18,212. The H-Share Index rose 150 points, or 2.4%, to 6,268 point; The HSTECH index rose 149 points or 3.7%, reported 4,158 points. The market turnover was HK$ 101.5 bn. MINISO (9896) shown well performed earning result and stock price rose for several days in a row. Today's share price rose another 5.7% to HK$47.2. AAC Technologies (2018) fell 5.4% to HK$15.56 after the results. In addition, sporting goods stocks performed well today, Xtep (1368) rose 1%, Li Ning (2331) and Anta (2020) rose more than 2%.

Source: KGI Asia Investment Strategy

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