Market Roundup

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

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.