Market Insight

Market Roundup

From next Monday, China and Hong Kong will officially allow tourist cross the border with no restriction. The Hang Seng Index opened 147 points lower at 21,811 points, and extended its daily decline to 298 points at 21,660 point. The China Enterprises Index fell 119 points or 1.6% to 7,387 point; the Hang Seng Technology Index fell 62 points or 1.3% to 4,634 point. The market turnover was HK$129.9 bn. Full border reopen give local consumption stock momentum. Sa Sa International (178) rose 3.4% to HK$2.1, MINISO (9896) rose 8.2% to HK$31.75. In addition, Chia Tai Enterprise International (3839) rose 23% today to HK$4.56 with high volatility in the past couple of days.

Source: KGI Asia Investment Strategy

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