Market Roundup

US market saw mixed performance, while Hong Kong market fell in morning. The HSI opened 129 points lower and then extended its decline, closing down 245 points, or 0.9%, at 25,781. The HSCEI fell 78 points, or 0.8%, to 9,223, while the HSTECH dropped 84 points, or 1.4%, to 5,923. Total market turnover for the day was HK$227.54bn. Gold prices experienced their largest single-day drop in over a decade, with Lingbao (3330) falling 4.7%, Zijin (2899), Zhaojin (1818), and Shandong Gold (1787) dropping 1.7% to 2.4%. Laopu Gold (6181) raised a net HK$2.707bn from a rights issue at a 4.5% discount, with its share price falling 8.2%.

Source: KGI Investment Products and Solutions Department

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