Market Roundup

The Shanghai Composite Index hit a new high in over a decade. Hong Kong stock market perform well, with the HSI opening 123 points higher and extending its gains to 244 points, or 0.9%, at 27,092; the HSCEI rose 81 points, or 0.9%, to 9,367; and the HSTECH rose 89 points, or 1.5%, to 5,959. The total turnover was HK$162.7bn. Reports indicate that Alibaba (9988) has surpassed 100mn monthly active users on its platform and is rumored to be releasing a major product upgrade tomorrow, causing its share price to rise 5.3%. AliHealth (0241) surged 16% after the company recently exclusively launched the world's first topical innovative drug for infantile hemangiomas.

Source: KGI Investment Products and Solutions Department

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