Market Roundup

The Hang Seng Index opened 220 points higher, initially rising 350 points to a high of 27,126 before declining, falling as much as 343 points to a low of 26,431. It recovered its losses before midday, closing up 54 points or 0.2% at 26,830. The Hang Seng China Enterprises Index fell 19 points or 0.2% to 9,060, while the Hang Seng Tech Index dropped 72 points or 1.3% to 5,453. Total turnover for the morning session was HK$195.285 billion. Alibaba (9988) and Meituan (3690) fell 1.8% and 1.7% respectively.

Source: KGI Investment Products and Solutions Department

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