Hang Seng Tech Index closing 0.39% higher

Courtesy of AAStocks

Hang Seng Tech Index was down almost the entire day before reversing into positive territory towards the end of the trading session. Eventually it close +0.39% higher for the day and with XD INC as its best performer, showing an impressive gain of +11.639% for today. If you noticed, the smaller cap companies are making big moves over the past few days while the large caps are generally either flat or showing gains of 1-2%.  

The latest news from US with regards to banning more apps like WeChat did not help the HSTI stocks with Tencent going as low as 543.50 (-3.11%) during the day before closing at 555.50 (-0.98%). I would expect more volatility to come with the US China technology war and China may start to target US companies in retaliation. 

Courtesy of AAStocks

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