Market Roundup

Hong Kong stocks continued their strong performance in October. The Hang Seng Index rose 390 points, or 1.45%, to 27,245 points, reaching a more than four-year high. The China Enterprises Index rose 155 points, or 1.63%, to 9,711 points. The Hang Seng Tech Index led the gains, rising 172 points, or 2.66%, to 6,638 points, also reaching a nearly four-year high. Market turnover reached HK$ 124 billion during the first half of the day. Despite the A-share market being closed for the National Day holiday in mainland China, Hong Kong stocks remained hotly sought. Alibaba (9988), the biggest tech stock, rose 3.96% to 184 yuan. Newly listed Zijin Gold International (2259) rose another 12% to HK$ 139 on its second day of trading. Gold prices hit a new high, driving gains for gold stocks across the board.

Source: KGI Investment Products and Solutions Department

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