Market Roundup

Hong Kong stock market entered their peak earnings season. Following the weak external market, the HSI opened 154 points lower in the morning, then extended its decline to 234 points before narrowing. The HSI fell 142 points, or 0.6%, to 24,980 at mid-day. The HSCEI fell 60 points, or 0.7%, to 8,945, while the HSTECH dropped 69 points, or 1.3%, to 5,472. Market turnover totaled HK144.4bn. Xiaomi (01810) reported a more than 130% increase in second-quarter net profit, with adjusted net profit up 75%. Its share price fell 0.3% at mid-day. Sunny Optical (2382) reported a 53% increase in interim net profit, with its share price rising 6.6%.

Source: KGI Investment Products and Solutions Department

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