Market Roundup

Hong Kong stock market fell following a sharp decline in Asia-Pacific markets. The HSI opened 298 points lower and then extended its losses, closing down 717 points or 2.8% at 25,051 in the morning; the HSCEI fell 206 points or 2.4% to 8,401; and the HSTECH fell 95 points or 2% to 4,781. Total turnover was HK$207.6bn. Financial stocks led the decline, with HSBC (0005) down 3.7%, AIA (1299) down 5.5%, and HKEX (0388) and BOC Hong Kong (2388) down 2.1% and 2.9% respectively. The three major oil companies, Sinopec (0386), PetroChina (0857) and CNOOC (0883), fell between 3.9% and 4.4%.

Source: KGI Investment Products and Solutions Department

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.