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2009-5-20 10:02:00 a.m. HKT, XFNA
DJ MARKET TALK: Most HK Ppties Down Pre-Mkt; Higher Jobless Rate
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| 0954 [Dow Jones] HK property stocks mostly lower at pre-open, likely on profit-taking after Hang Seng Property Subindex's 5.2% gain over past 3 sessions; sentiment in sector also affected after HK jobless rate climbs to highest in more than 3 years, with February-April jobless rate at 5.3% vs 5.2% in January-March period. But any falls in these stocks likely limited, with fresh jobless data slightly below market expectation of 5.4% based on Dow Jones Newswires poll. Within sector, Cheung Kong (0001.HK) down 1.2% at HK$84.60, Hang Lung Properties (0101.HK) down 1.7% at HK$23.60, Sino Land (0083.HK) down 0.2% at HK$11.80, Henderson Land (0012.HK) down 1.9% at HK$39.00.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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