Market Roundup

The market awaited the progress of the China-US trade negotiations over the weekend. The Hang Seng Index closed at 22,867 points, up 92 points or 0.4%. The Hang Seng Tech Index closed at 5,180 points, down 48 points or 0.9%. The Hang Seng Index rose 8 points, or 0.1%, to 8,309 points. The total market turnover for the day was 161.6 billion yuan. SMIC (981) announced its first quarter results. Management expects gross profit margin to be under pressure in the second quarter, down 4.7%. Hua Hong Semiconductor (1347) fell more than 7.9%.

Source: KGI Investment Strategy Department

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