Market Roundup

The Hang Seng Index (HSI) opened 188 points lower. In the early session, the decline widened to 285 points, hitting a low of 23,059. Later, the loss narrowed to 61 points, reaching a high of 23,283. By midday, it was down 114 points or 0.5%, at 23,230. The China Enterprises Index (HSCEI) dropped 45 points or 0.5%, to 8,422. The Hang Seng Tech Index fell 54 points or 1%, to 5,227. Total market turnover for the morning session was HKD 105.5 billion. The HSI announced the results of its quarterly review: Midea Group (300) and ZTO Express (2057) were included in the index constituents. Their stock prices rose by 1.7% and 3.5%, respectively.

Source: KGI Investment Strategy Department

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