Market Roundup

The Hang Seng Index fell 611 points or 2.2% to close at 26,775; the Hang Seng China Enterprises Index fell 236 points or 2.5% to close at 9,080; and the Hang Seng Tech Index fell 191 points or 3.4% to close at 5,526. Total market turnover was HK$347.886 billion. Mainland property and dividend-paying stocks were the hardest hit, with New World Development (0017) plunging 11.9% to a new low; China Unicom (0762) fell 6.3%. However, gaming stocks performed strongly, with Sands China (1928) benefiting from expectations of Lunar New Year visitors to Macau, rising 4.1% to close against the market trend.

Source: KGI Investment Products and Solutions Department

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