Market Roundup

Hong Kong stock market rebounded today as the market awaited the outcome of the FOMC. The HSI opened 1 point higher but fell as much as 176 points before recovering in the afternoon to close at its intraday high, up 106 points or 0.4% to 25,540. The HSCEI rose 18 points or 0.2% to 8,954, and the HSTECH rose 26 points or 0.5% to 5,581. Total market turnover was HK$193.4bn. Vanke (2202), a mainland property stock, surged 13.2% after reports that its creditors held a meeting to discuss a bond extension plan. YOFC (6869) raised nearly HK$2.23bn through a share placement at a nearly 15% discount, and rose nearly 11% for the day.

Source: KGI Investment Products and Solutions Department

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