Market Insight
Half Day Roundup
Hong Kong stock market performed well today. After opening 186 points higher, the HSI expanded to 413 points and closed at 16,506 at mid-day, up 282 points or 1.7%; the HSCEI rose 91 points or 1.6% to 5,838; the HSTECH rose 63 points. or 1.9%, at 3,342. The total mid-day turnover of the market was HK$59.54bn. Chinese technology stocks generally rose today. Tencent (0700) rose 4.7% in half a day. Its "Dungeon Fighter" mobile game will be launched on the 21st Jun. Alibaba (9988) rose 3.3%. Li Auto (2015) followed Tesla's (TSLA.US) price cut, and its stock price fell 6.5% at mid-day.
Source: KGI Asia Investment Strategy
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