Hong Kong shares close lower on fresh US worries; banks, commodities hit UPDATE

                   
finanznachrichten.de     Jul 25, 2008            

HONG KONG (XFN-ASIA) - Share prices closed lower as fresh worries about the financial sector and weaker-than-expected US economic data prompted investors to lock in profits ahead of the weekend. Banks were dragged by the sector's slump on Wall Street and news of additional huge provisions made by National Australia Bank (NAB) for losses related to US mortgage-backed securities. CNOOC, PetroChina and Aluminum Corp of China (Chalco) led commodity firms lower on concerns that demand for energy and raw materials could weaken amid slowing global growth. China coal miners extended yesterday's losses, with Shenhua Energy slumping more than 6.7 pct, after mainland authorities said they will tighten controls on spot coal prices. Utilities stocks outperformed as investors sought out safe havens amid global market uncertainty. The Hang... [read full story]                    

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Hong Kong shares open higher on Wall St gains, further oil price fall

finanznachrichten.de     Jul 24, 2008          

HONG KONG (XFN-ASIA) - Share prices opened higher, extending yesterday's gains, after crude oil prices continued to fall and Wall Street rose modestly despite mixed corporate earnings. A barrel of light, sweet crude fell 3.98...                    

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Hong Kong shares firmer in erratic trade; airlines extend gains on oil fall

finanznachrichten.de     Jul 24, 2008          

HONG KONG (XFN-ASIA) - Large-caps were mixed, with HSBC gaining 0.50 hkd or 0.39 pct at 129, China Mobile down 0.90 hkd or 0.82 pct at 109.10, Hong Kong Exchanges and Clearing up 2.0 hkd or 1.66 pct at 122.20 and China Life up...                    

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Hong Kong shares end morning higher amid oil slide; China coal firms slump

finanznachrichten.de     Jul 24, 2008          

HONG KONG (XFN-ASIA) - Share prices finished the morning higher led by banking giant HSBC, China financials and airlines, with lower oil prices and easing worries over US credit markets aiding overall sentiment. Firmer mainland...                    

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Hong Kong shares end morning higher as oil slides; China coal firms down UPDATE

finanznachrichten.de     Jul 24, 2008          

HONG KONG (XFN-ASIA) - Share prices finished the morning higher led by banking giant HSBC, China financials and airlines, with lower oil prices and easing worries over US credit markets aiding sentiment. Among large caps, HSBC...                    

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Hong Kong's PCCW agrees to lenders' rate for 23.4 bln hkd loan - report

finanznachrichten.de     Jul 25, 2008          

HONG KONG (XFN-ASIA) - PCCW Ltd has agreed to pay the rate requested by lenders for a 23.4 bln hkd syndicated loan facility, the South China Morning Post reported, without citing sources. It said PCCW will pay an all-in cost of...                    

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Hong Kong shares open sharply lower on Wall St's steep fall, profit taking

finanznachrichten.de     Jul 25, 2008          

HONG KONG (XFN-ASIA) - Share prices opened sharply lower on Wall Street's tumble overnight triggered by a steeper-than-expected 2.6 pct drop in June existing home sales and worries about the financial sector amid mixed second...                    

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Hong Kong shares lower after weak US housing data; utilities outperform UPDATE

finanznachrichten.de     Jul 25, 2008          

HONG KONG (XFN-ASIA) - Share prices were lower at midmorning following weaker-than-expected US home sales data and fresh worries over the financial sector, which triggered sharp losses on Wall Street overnight. Turnover was...                    

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Hong Kong shares end morning sharply lower as banks, commodities slide

finanznachrichten.de     Jul 25, 2008          

HONG KONG (XFN-ASIA) - Share prices finished the morning session sharply lower led by banks and commodity stocks amid fresh worries over credit markets and the US economy. Banks tracked the sector's slump on Wall Street after...                    

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Hong Kong shares close lower on fresh US worries; banks, commodities hit

finanznachrichten.de     Jul 25, 2008          

HONG KONG (XFN-ASIA) - Share prices closed lower as fresh worries about the financial sector and weaker-than-expected US economic data prompted investors to lock in profits ahead of the weekend. Banks were dragged by the...                    

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Hong Kong inflation to remain high at 5 pct next yr - Hang Seng Bank

finanznachrichten.de     Jul 25, 2008          

HONG KONG (XFN-ASIA) - Hong Kong's inflation rate will stay high at 5.0 pct next year due to 'elevated' oil prices and higher cost of imported goods, Hang Seng Bank said. 'Elevated oil prices would mean that inflation could...                    

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