Market Roundup

The Hang Seng Index closed the full day at 24,508 points, down 265 points or 1.1%; the China Enterprises Index stood at 8,804 points, down 78 points or 0.9%; the Hang Seng Tech Index closed at 5,397 points, down 55 points or 1%. The total turnover of the market for the day was 254.6 billion HKD. ZTO Express (2057) surged 7.4% against the market trend after the State Post Bureau held a forum with courier companies to discuss regulating the "internal competition" in the industry in accordance with laws and regulations. Alibaba (09988) and Meituan (03690) rose by 1.0% and 0.5% respectively, following their announcements to standardize food delivery subsidies and resist unfair competition.

Source: KGI Investment Products and Solutions Department

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