Investment Daily

Hong Kong equities rose amid the lead of the blue chip technology stock, the gainswidened in the afternoon session. Hang Seng Index increased 148 points andclosed at 25,809 points. HSCEI closed at 10,619 points, increased 16 points.

    Turnover for the whole day was $84.6 billion. The appreciation of RMB get alongwith the fall in oil price, the Chinese aviation sector showed strong performance.

    On the other hand, Macau tightened the declaration of cash holding to the visitors,the gambling stocks fell in general.

    ADP private sector employment data released on Thursday is better thanexpectation, strengthen investors confidence on US economy outlook, US stockperformed well on Thursday. Besides, President Trump’s announcement that theU.S. will withdraw from the Paris climate accord did not have a direct impact onstocks. The Dow and the Nasdaq rose 136 points (to 21,144) and 48 points (to6,247) respectively.

    RMB turned strong, together with A share inclusion into MSCI, market turnover isactive. We expect Hang Seng Index to test 26,000. On the other hand, US willannounce non-farm payroll data tonight, which will be investors focus.