Market Roundup

U.S. President Trump Announces Ceasefire with Iran; Hong Kong Stocks Rise in Morning Trading. The Hang Seng Index opened 143 points higher and extended its gains, rising as much as 540 points to a high of 24,229. It closed the day up 487 points, or 2.06%, at 24,177. The China Enterprises Index rose 163 points, or 1.9%, to 8,760, while the Hang Seng Tech Index gained 111 points, or 2.1%, to 5,298. Total market turnover for the day was HKD 240.5 billion. Despite the overall market rally, crude oil prices fell. As a result, CNOOC (883) dropped 1.1%, and PetroChina (857) declined 0.3%.

Source: KGI Investment Products and Solutions Department

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