Market Roundup

The Hang Seng Index opened lower and then extended its losses, ending the day down 120 points, or 0.5%, at 25,496 points. The H-share Index fell 13 points, or 0.15%, to 9,108 points, and the Hang Seng Tech Index dropped 70 points, or 1.2%, to 5,728 points. Total market turnover for the day was approximately HK$328.1 billion. Semiconductor stocks performed weakly, with Hua Hong Semiconductor (1347) down 5.5% and SMIC (981) plummeting 4.6%. Healthcare stocks bucked the trend, with Alibaba Health (241) leading the gains, rising 4.6%. New World Holdings (17) clarified that it had not received any capital injection proposals from its controlling shareholder, and its share price fell 2.8%.

Source: KGI Investment Products and Solutions Department

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