Market Roundup

Chinese officials stated that progress has been made in the China-US trade negotiations, and both sides will finalize the agreement as soon as possible. The Hang Seng Index closed at 23,549 points, up 681 points or 3.0%. The Hang Seng Tech Index reported 5,447 points, up 267 points or 5.2%. The China Enterprises Index rose 250 points or 3.0%, closing at 8,559 points. The market turnover was HKD 322.426 billion. Export stocks rebounded significantly, with Sunny Optical (2382) up 14.8%, Lenovo (992) up 9.6%, and Hisense Home Appliances (921) up 10%.

Source: KGI Investment Strategy Department

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