Market Roundup

Chinese officials have indicated that progress has been made in the China-US trade negotiations, and both sides will finalize the agreement as soon as possible. The Hang Seng Index closed at 23,079 points at midday, up 212 points or 0.9%. The Hang Seng Tech Index reported 5,279 points, up 99 points or 1.9%. The China Enterprises Index rose 67 points or 0.8% to 8,376 points. The total market turnover for the half-day was HK$130.2 billion. Export stocks rebounded significantly, with Sunny Optical (2382) up 10.2%, Lenovo (992) up 4.7%, and Hisense Home Appliances (921) up 3.1%.

Source: KGI Investment Strategy Department

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