Market Insight
Market Roundup
Hong Kong stock market performed well today. After opening 186 points higher, the HSI expanded to 413 points, rising 287 points or 1.8% today to close at 16,511; the HSCEI rose 84 points or 1.5% to close at 5,831; the HSTECH rose 58 points. or 1.8%, closing at 3,336; the daily market turnover was HK$104.93bn. Chinese technology stocks generally rose today. Tencent (0700) rose 5.5% for the whole day. Its "Dungeon & Fighter" mobile game will be launched on the 21st of Jun. Alibaba (9988) rose 2.6%. Li Auto (2015) followed Tesla (TSLA.US) in price cuts, and its stock price fell 8.3% today.
Source: KGI Asia Investment Strategy
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