Market Insight
2022.05.12 17:00
Market Roundup
Related Stocks:
FOMC meeting will be held tonight, the market is waiting to see whether the Fed fund rate to raise interest rates by 50bps or not. Hong Kong market softened in the morning. HSI once fell 329 points to a low of 20,772, and fell 232 points or 1.1% to close at 20,869. HSCEI fell 129 points or 1.8% to end at 7,137. HSTECH lost 145 points or 3.3% to end at 4,264. Lack of support from Hong Kong Stock Connect, market daily turnover was only HK$72.5bn. The Chinese technology sector was weak today, with heavyweight Tencent (0700) and Meituan (3690) down 3.1% and 4.6% respectively. JD Health (6618) was cut by Liu Qiangdong to cash out nearly RMb 440mn, and its stock price fell 13.0%. The domestic demand sector was also dragged down by the new crown epidemic in the mainland. Haidilao (6862) fell 6.0%.
Source: KGI Asia Investment Strategy
Related Stocks:
FOMC meeting will be held tonight, the market is waiting to see whether the Fed fund rate to raise interest rates by 50bps or not. Hong Kong market softened in the morning. HSI once fell 329 points to a low of 20,772, and fell 232 points or 1.1% to close at 20,869. HSCEI fell 129 points or 1.8% to end at 7,137. HSTECH lost 145 points or 3.3% to end at 4,264. Lack of support from Hong Kong Stock Connect, market daily turnover was only HK$72.5bn. The Chinese technology sector was weak today, with heavyweight Tencent (0700) and Meituan (3690) down 3.1% and 4.6% respectively. JD Health (6618) was cut by Liu Qiangdong to cash out nearly RMb 440mn, and its stock price fell 13.0%. The domestic demand sector was also dragged down by the new crown epidemic in the mainland. Haidilao (6862) fell 6.0%.
Source: KGI Asia Investment Strategy
Latest Market News/Report